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 the week at 47.34931 and closed at 47.51205. The high came in at 47.52389 on Friday, and the low of the week reached 46.56699 during a sharp Wednesday spike before price recovered. Net, the pair added roughly 0.34 percent, with the dollar grinding higher against the lira across all five sessions.
The economic calendar for this asset was quiet, so the move was driven by the pair's own steady trend rather than a single scheduled print. Each daily close finished above the prior one, a signature of the persistent lira weakness that continues to define this cross.
The one notable intraday event was Wednesday's dip to 46.56699, a fast move that reversed within the same session and left the daily close back up at 47.3798. Broader dollar flows were mixed elsewhere. USD/JPY rebounded above 160 after a Bank of Japan decision, while the antipodean pairs firmed, with AUD/USD gaining on the day. USDTRY ignored that dollar softness and kept climbing.
The bundle carries no scheduled high-impact events for USDTRY in the coming week. With no calendar catalyst, watch the pair's own momentum and any broad dollar shifts. If risk appetite lifts other currencies against the dollar and USDTRY still fails to reverse, the underlying lira weakness stays in control. If broad dollar demand picks up, the existing uptrend has room to extend.
The Friday high at 47.52389 is the immediate ceiling. If price closes above it, the round 47.50 handle becomes support and the next obvious focus is a push toward fresh highs. On the downside, a break back under the Thursday open near 47.37982 puts the Wednesday spike low at 46.56699 back in the conversation. That 46.56699 print marks how far a sudden reversal can travel before buyers step in. You can track the pair and the wider dollar picture on the LHFX platform.
Byline: LHFX Research
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