XAG/USD Current Price: $64.80Market participants keep an eye on developments in the Middle East in the absence of relevant data. The United States will publish the July Consumer Price Index on Wednesday. Silver prices are stable around the $65 mark in the American session on Wednesday, after briefly trading above $66, its highest in nearly two months. A clearer picture on the matter, particularly in the US, will appear on Wednesday, as the country will publish July Consumer Price Index (CPI) data. XAG/USD short-term technical outlookOn the four-hour chart, XAG/USD trades with a clear bullish bias, as price remains above the 20-period Simple Moving Average (SMA) around $63.96.