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fxJul 31, 2026, 3:42 AM

XAG/USD Drops Nearly 1% to $58.40 as Dollar Rebounds

Silver fell almost 1% to near $58.40 in Asian trading on Friday, as the US dollar attempted to bounce back from a three-day losing streak.

XAGUSD

Silver (XAG/USD) fell nearly 1% to around $58.40 in Asian trading on Friday, retreating as the US dollar staged a modest recovery.

The greenback edged higher, attempting to snap a three-day losing streak. A stronger dollar typically weighs on silver, which is priced in the US currency and becomes costlier for holders of other currencies.

Source: FXStreet Forex News