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 readUSDTRY opened Monday at 47.53931 and closed Friday at 47.6913, a net gain of roughly 152 pips across the week. The move was a slow, one-way grind. Each session printed a higher close than the last from Wednesday onward, with Thursday's push from 47.5593 to 47.6498 marking the clearest single-session extension.
The calendar bundle carries no scheduled high-impact events for USDTRY across the coming five sessions. That leaves the pair driven by broad dollar flow and carry dynamics rather than a single dated release. With no local data anchor, watch how the pair behaves around last week's Friday close of 47.6913 as the opening reference for direction.
Secondary context comes from the wider dollar tone. Weekend headlines pointed to USD/JPY erasing its non-farm payrolls drop and the PBOC's reference rate setting, both signals that dollar demand stayed firm into the new week. A stronger dollar backdrop tends to keep upward pressure on USDTRY given the pair's structural drift. Open an LHFX account to trade USDTRY this week.
If the pair holds above last week's 47.6913 close early in the week, the prior session high at 47.70405 becomes the first area of interest, and a break above it opens room toward round-number territory near 47.75. If instead the pair slips back under Thursday's 47.6498 close, attention shifts down toward the mid-week base around 47.5593. A broad dollar pullback, the kind that would also lift EUR/USD, would be the most likely trigger for any fade in USDTRY strength.
Three reference levels frame the open. The 47.70405 high from Friday is the nearest overhead marker. The 47.6498 Thursday close sits below as a first support shelf. Further down, the 47.5593 area that held mid-week is the deeper reference. These are reference levels for context, not entry signals.
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.
