Market Analysis
XAGUSD week ahead: silver holds gains, what to watch 2026-08-10
Silver closed last week at 63.516 after a sharp run higher, and this week is about whether that momentum holds against a stretched long position.
2 min readThe week for ETHUSD started at 1802.99 on Monday and closed at 1823.36 on Friday. That is a net gain of about 20 points, or roughly 1.1 percent across the week. The path was not straight. Price ran to a weekly high of 1943.43 on Wednesday before printing a weekly low of 1747.29 set back on Monday. The close sits well below the highs, telling you the buyers who drove the mid-week push handed most of it back.
No scheduled economic releases hit the calendar for this asset during the week. Price action was driven by flow and cross-asset tone rather than a single crypto print. Reports around the PBOC dollar fixing pointed to a firmer reference rate than the Reuters estimate, a dollar signal that leaned against risk assets into the weekend.
The daily pattern shows the story. Tuesday and Wednesday produced strong up candles, lifting the close from 1773.33 to 1914.57. Thursday and Friday reversed that, closing at 1861.36 then 1823.36 as the rally lost steam. Friday volume of 78,494 came in far below the mid-week readings near 285,000, so the fade happened on thinner participation.
The bundle carries no scheduled high-impact events for the coming week on this asset. With no data anchor, watch the same cross-asset drivers that shaped this week. If the dollar fixing stays firm and broad risk stays heavy, crypto tends to trade defensive. If risk appetite returns and the dollar softens, ETHUSD has room to retest the levels it lost on the way down. Correlated majors are worth a glance too. A firm bid in Bitcoin often pulls the rest of the complex with it.
LHFX client positioning shows 62 percent long and 38 percent short. That is a clear tilt toward the upside. A crowded long book after a week that closed below its highs means many of those positions are underwater relative to the mid-week peak. If price keeps sliding, that long skew can add fuel to a move lower as stops trigger.
The weekly low at 1747.29 is the first floor. If price breaks and closes below it, the round 1700 handle comes into view. On the topside, the Friday range stalled near 1867.78. If buyers reclaim that and close above, the Wednesday high at 1943.43 is the next obvious test. Between those, 1823.36 is the pivot the week closed on, and how price behaves around it early next week sets the tone. You can follow ETHUSD levels live from your LHFX account dashboard.
Byline: LHFX Research
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