XAGUSD week ahead: Quiet calendar after 10% plunge, 2026-06-08

How last week left XAGUSD

Silver opened Monday at $75.54 and closed Friday at $67.87, dropping $7.68 or 10.2% over the five sessions. Friday alone saw a collapse from $73.76 to $67.87, the sharpest single-day decline in recent memory.

What this week is about

The upcoming week shows an empty economic calendar with no high-impact events scheduled. After last week's dramatic sell-off, silver enters a period where technicals and broader market sentiment will likely drive price action.

Without central bank meetings, inflation data, or employment reports to anchor trading decisions, you'll need to watch how silver behaves around the new lower levels established on Friday. The absence of scheduled catalysts often leads to choppy, range-bound conditions.

Scenarios for the week

If silver manages to close above the prior day's high of $73.76 early in the week, the Wednesday high at $75.31 becomes the next resistance. A rejection there would likely send price back toward Friday's low at $67.54.

If selling pressure continues and $67.54 breaks, the market enters uncharted territory for recent trading. Gold correlation may provide directional clues if silver lacks its own catalysts.

Positioning into the new week

Current positioning shows 62.6% of traders are long and 37.4% are short as of Sunday morning. This long-heavy skew suggests many traders view Friday's collapse as overdone and are positioned for a bounce, though the sharp decline may have trapped late longs at higher levels.

Levels to watch

Three levels define the week's structure: Friday's low at $67.54 as immediate support, the breakdown point at $73.76 as first resistance, and the week's opening at $75.54 as the major recovery target. These are reference levels for observing market behavior, not entry signals. Open an LHFX account to trade silver's volatility this week.

Byline: LHFX Research

Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.