Silver

Bullish

Archived analysis from Aug 12, 2026, 1:59 PM

Key insight

$66.14 clears key seven-week resistance — hold above $64.87 open to confirm breakout; $70 round number next.

Breaks 7-week high at $66 on soft July CPI expectations; Gold +1.3% confirms precious metals bid.

Main risk

Fed Rate Hike Resumption Risk

Surging oil prices revive hike expectations; XAG/USD cracked 5% in days on prior Fed pivots.

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