Silver Price Forecast: Silver (XAG/USD) trades at $62, showing a corrective reaction, as the last two days’ rally was looking overextended. The 4-hour Relative Strength Index (14) is pulling back from overbought levels but remains in bullish territory, and the Moving Average Convergence Divergence (MACD) indicator is above zero, all in all showing that buyers retain control.
US Dollar Tumbles as ‘Sell America’ Trade Returns | USD Forecast 06 August 2026
USD Forecast 06 August 2026: Growing skepticism toward the Fed’s policy is reviving the “Sell America” trade, which first gained momentum after Donald Trump introduced the highest tariffs since the 1930s. Comments from Kevin Warsh and Scott Bessent have reinforced this sentiment. Let’s analyze the situation and develop a trading plan for the EUR/USD pair.
MCX Silver Outlook 2026: Don’t Expect ₹1,80,000 Soon | Buy on Dips Strategy
Many traders are hoping that MCX Silver Main will soon touch ₹1,80,000. While such targets sound exciting, the market does not always move according to expectations. Commodity prices are influenced by many factors, including global demand, interest rates, the US dollar, industrial consumption, and investor sentiment.
Gold Consolidates as US-Iran Tensions and Hawkish Fed Outlook Limit Price Gains
Gold (XAU/USD) trims gains after opening the week with a bullish gap as buyers lack conviction amid conflicting US-Iran headlines and caution ahead of key US employment data. At the time of writing, XAU/USD trades around $4,036, easing from an intraday high of $4,084.
Aluminium Price Outlook 2026: Recovery After Correction as Supply Risks Grow
Aluminium Price Outlook 2026: After scaling a record high of around ₹393 per kg on the MCX during the first week of June, aluminium prices witnessed a healthy correction to nearly ₹330 per kg amid profit-booking and easing concerns over immediate supply disruptions. A similar price action has witnessed on the key global markets as well. However, the metal is once again showing signs of strength, with prices attempting to break through the important resistance zones.