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 opened Monday at 76.62 and closed Friday at 74.09. The week's high of 77.35 came in the first session, and price never revisited it. The low of 72.14 printed on Wednesday. Net, you saw a decline of about 2.53 points, close to 3.3% off the open.
The bundle carries no scheduled economic events for the week, so the drift lower had no single macro catalyst behind it. The tone came from the wider currency backdrop. USD/JPY extended its rebound above 160 after an intervention play and the BOJ decision, a sign the dollar held firm into month end.
A firm dollar tends to pressure risk assets, and crypto followed the pattern here. After Monday's sharp fade from 77.35 down to a 74.01 close, the following three sessions stayed boxed between 72.14 and 74.81. Thursday's push to 74.34 was the only real attempt to recover, and it stalled.
No high-impact events are listed in the bundle for the coming week. With the calendar quiet, direction is more likely to come from the broad dollar and from moves in the larger crypto names. Watch Bitcoin as the lead. If Bitcoin firms and the dollar softens, SOLUSD has room to retest the upper part of last week's range near 77.35. If the dollar stays bid, as the USD/JPY move above 160 suggested, the lower band near 72.14 comes back into focus.
LHFX client positioning shows 61% long against 39% short. That is a clear lean toward the upside even as price closed the week lower. When the majority sits long into a falling market, any deeper slide can force those longs out, which tends to speed up moves rather than cushion them.
The week's high at 77.35 is the first ceiling. A daily close above it would put buyers back in control of the range. On the downside, the 72.14 low is the line that held all week. If price closes below there, the next reference is the round 72.00 level, and a break of that opens the door lower. The 74.00 zone, where four of five sessions settled, is the pivot to judge control from. You can track these levels live on your LHFX account.
Byline: LHFX Research
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