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.
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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.
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.