Silver (XAG/USD) trades on a strong footing on Monday, reaching levels above $65.80 at the European session opening times, after bouncing from the $63.50 area on Friday. Precious metals are being boosted by US Dollar (USD) weakness, as recent US macroeconomic data has curbed hopes of Federal Reserve (Fed) interest rate hikes this year.
MCX Gold Forecast: Bullish Momentum, Targets & Key Levels
MCX Gold Forecast: MCX Gold is showing signs of renewed strength, with the short-term technical setup remaining positive. Even though expectations of US interest-rate cuts have weakened after recent economic data, gold is holding firmly and continues to attract buying interest.
MCX Silver Forecast: Buy Above ₹2,32,000 for ₹2,45,000 Target
MCX Silver has shown a strong recovery after taking support several times near ₹2,29,700. This support zone has attracted fresh buying interest and helped silver recover from lower levels.
Silver Price Forecast: XAG/USD Holds Near $62 After Strong Two-Day Rally
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.