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fxJul 6, 2026, 2:44 PM

Silver Price Forecast: XAG/USD Struggles Below Key SMAs Despite Easing Fed Hike Bets

Silver (XAG/USD) pauses its four-day winning streak on Monday as buyers take a break following last week's 5.55% rally. A stronger US Dollar is limiting further upside.

XAGUSD

Silver (XAG/USD) is trading in a subdued manner on Monday, pausing after a four-day rally that saw prices gain 5.55% last week. The precious metal is struggling to break above key simple moving averages (SMAs), indicating resistance from technical levels.

A firmer US Dollar is also weighing on silver, capping any potential upside momentum. This comes despite diminishing expectations of further Federal Reserve rate hikes, which typically supports non-yielding assets like silver. The market appears to be consolidating before the next directional move.

Source: FXStreet Forex News