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 readSOLUSD trades at 78.19 as of Wednesday's close, up 1.43 points from Monday's 76.76 open, a gain of roughly 1.9 percent on the week so far. The high across the three sessions is 78.23, printed Wednesday. The low is 73.94, set during Monday's early dip before buyers stepped back in.
There has been no scheduled crypto-specific catalyst this week. The macro tone has come from China, where the PBOC set a firmer than expected yuan fix on Wednesday. A steadier fix has kept broad risk appetite intact, and Solana has ridden that calm with a clean two-day recovery from Monday's 73.94 low back through 78.
The calendar carries no high-impact scheduled releases for the back half of this week, so price action Thursday and Friday will likely track headline flow and broader crypto sentiment rather than a single data point. If the risk tone holds and SOLUSD stays above 77.69, Tuesday's close, the week's 78.23 high stays in focus. If risk sours and China's next fix disappoints, the 76.76 open becomes the first area buyers must defend.
As of Wednesday, LHFX client positioning shows 60.8 percent long against 39.2 percent short. That skew leans with the recovery, but a crowd this one-sided into resistance means late longs are the ones exposed if momentum stalls. Consensus midweek is bullish, not extreme.
The 78.23 week high is the line SOLUSD is pressing against right now. If price closes and holds above it, the round 80 handle is the next obvious area of interest. If it rejects there and slips back under 77.69, the 76.76 open and then the 73.94 low are the levels back in play. You can track the same pattern across correlated majors like Bitcoin to gauge whether this is a Solana move or a broad risk shift, and you can watch these levels live on your LHFX account.
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.
