Silver

Bullish

Archived analysis from Aug 7, 2026, 5:27 AM

Key insight

62.29 holds a 7-week high — break above $63.50 Jun swing high opens $67–$70 zone; stop viable at $59.80.

Trades at 7-week high $62.29; Fed rate-hike odds fading on Hormuz deal progress cutting inflation fears.

Main risk

July NFP surprise / Fed re-hike signal

Hotter-than-expected jobs data today could revive Fed hike bets, forcing a flush to $59.80 support.

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