XAG/USD AI Live Scan, daily chart, Sunday, 2 August 2026
Every read JAFX AI made on the XAG/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:05 UTC
Downtrend, now basing · RSI 47 · price 57.582
Range within larger downtrend.
Silver rolled over from the late-April peak near $89, shedding roughly a third of its value into the $54.77 yearly low through June. Price has since coiled in a $55-$62 range, holding below a still-falling EMA(50) with RSI cycling mid-range. Softer Core PCE and weak Q2 GDP briefly lifted XAG toward $59, but firm yields and USD short-covering dragged it back to $58.
Support: 54.77
What it said to watch
A daily close below $55 opens the path toward $50
Break above $62 range top exposes $65
ISM Manufacturing PMI Mon Aug 3 14:00 UTC could shift the yield/USD read
21:05 UTC
Downtrend, now basing · RSI 48 · price 57.582
Multi-month decline into a $55-$62 range.
Silver has nearly halved from the early-May peak near $89 into the $54.77 low, a sustained D1 downtrend that stalled through June. Since then price has based in a $55-$62 range and now oscillates around $58, capped below the EMA(50). Softer Core PCE and weak GDP briefly lifted XAG toward $59 this week, but firmer yields and USD short-covering dragged it back.
Support: 54.77
What it said to watch
Weekly close below $55 opens the path to $50
Close above $62 exposes the $65 area
ISM Manufacturing PMI Mon Aug 3 could shift the range read