What will Silver (XAGUSD) hit in August 2026?
Silver trades near $69 per ounce in late August 2026, rebounding sharply from earlier corrections after January highs above $120, amid a sixth straight year of structural supply deficits and robust industrial offtake from solar photovoltaics, electric vehicles, and electronics. These fundamentals have supported prices despite a firmer U.S. dollar and steady Federal Reserve policy expectations following softer July inflation prints. Market-implied odds reflect trader consensus on sustained elevated levels through month-end, with upcoming U.S. economic releases and any monetary policy signals serving as key catalysts before resolution. Recent momentum aligns with gold’s performance and broader risk sentiment, though historical volatility around $60–$70 ranges underscores uncertainty in the final trading days.