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Silver Price Steadies Near One-Month High Amid Dollar Weakness

Guavy AI Editorial Team Published August 5, 2026

Instruments

Silver

The Silver price has found resistance at $61.90 but remains near one-month highs, supported by lower US Treasury yields and a soft US economy.

Analysts at MUFG note that the US Dollar has pulled back since last week's FOMC meeting, with the dollar index below 100.00.

The market is cautious ahead of key economic data releases on Wednesday and Friday, including the US ADP employment report and Nonfarm Payrolls.

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