XAGUSD week ahead: Quiet calendar, volatility risk, 2026-06-01

How last week left XAGUSD

XAGUSD opened Monday at $78.15 and closed Friday at $75.271, shedding $2.879 or 3.68% across five volatile sessions. Wednesday saw the sharpest decline with a plunge to $73.408 before recovering slightly.

What this week is about

This week brings an empty economic calendar for silver traders. With no high-impact releases scheduled, price action will depend on broader risk sentiment, dollar flows, and any unexpected geopolitical headlines.

The absence of scheduled catalysts often amplifies volatility. Thin liquidity can exaggerate moves in either direction, particularly if equity markets shift or if central bank officials make unscheduled comments.

Scenarios for the week

If risk appetite improves and equities rally, silver could attempt to reclaim the $76.00 handle. A sustained break above $76.638 (last week's Thursday high) would bring $78.00 back into view. Should the dollar strengthen or risk-off sentiment prevail, the recent low at $73.408 becomes the immediate downside target.

Positioning into the new week

Current positioning shows 62.6% of traders are long and 37.4% are short as of Sunday morning. This moderate long skew suggests traders are cautiously optimistic after last week's selloff, though not overwhelmingly bullish.

Levels to watch

Three levels stand out as the week opens. First, $76.638 marks last week's recovery high and serves as immediate resistance. Second, the psychological $75.00 level sits just below Friday's close and could act as near-term support. Third, $73.408 remains the key downside reference after Wednesday's spike low. Open an LHFX account to trade silver's volatility this week.

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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.