
XAGUSD weekly recap: silver rips to 62.70 close, week of 2026-08-03
Silver opened the week near 58.27 and closed at 62.70, a gain of roughly 7.7 percent as the dollar and yields firmed into the US jobs report.
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Silver opened the week near 58.27 and closed at 62.70, a gain of roughly 7.7 percent as the dollar and yields firmed into the US jobs report.

Silver is up more than three dollars from Monday's open, printing a fresh weekly high above 61.50 as buyers press control into the back half of the week.

Silver closed last week near 57.64 after a choppy five sessions. Here is the positioning skew and the levels that matter as the new week opens.

Silver opened the week near 59.62 and closed at 58.26, a net loss of about 2.3% after a volatile round trip below 57.

Silver sits at 57.73 midweek, down from Monday's 59.62 open, with the FOMC decision Wednesday evening and US Core PCE Thursday set to drive the back half.

Silver ran to 60.899 last week before pulling back to close near 58.18. A quiet calendar puts price levels and positioning front and centre this week.

Silver opened the week near 55.87, ran to 60.90, then gave back most of the gains to close at 57.31 for a net rise of about 2.6 percent.

Silver has climbed from Monday's open near 55.87 to 59.66 by Wednesday, with sentiment tilted long as the back half of the week opens.

Silver opened near 58.92 and closed the week at 55.86, a drop of roughly 3.05 dollars as sellers took control midweek.

Silver sits at 58.50 halfway through the week, down slightly from Monday's open, with US PPI and Fed testimony still to land.

Silver has shed $3.21 from Monday's open, testing $64.95 support ahead of Thursday's critical US inflation data.

Silver enters the week at $67.87 after Friday's sharp sell-off, with no major events to drive direction.

Silver fell from $75.54 to $72.21 this week as dollar strength and Asian market stress drove safe-haven flows away from precious metals.

Silver has dropped 83 cents from Monday's open to 74.46, with long positioning at 62.6% suggesting bulls remain confident despite the decline.

Silver faces a data-light week after dropping to $75.271, with traders watching for volatility spikes in thin conditions.