Silver Price Forecasts: XAG/USD holds within range with bulls capped below $68.00 area

XAG/USD: Neutral to mildly bearish near term. The main pressure is macroeconomic: hawkish Fed repricing and a firm US dollar raise the opportunity cost of holding non-yielding silver and weigh on its dollar-denominated price. But the technical setup remains consolidation, not a confirmed breakdown, while softer oil prices offer some offset. FXStreet also notes unusually thin trading amid Japan’s holiday, which may make moves less reliable.

For traders, $68 is the key upside test: a sustained break could revive bullish momentum, while repeated rejection would keep the range intact. On the downside, the article identifies support around $64.60, then $62.30; a decisive break below the range floor would strengthen the bearish case. These are levels cited by the source, not guarantees.

Watch the dollar and rate expectations for confirmation, alongside gold, oil and geopolitical developments. A softer dollar or renewed safe-haven demand could support silver; persistently hawkish policy pricing could keep rallies capped.