- Analytics
- News and Tools
- Quotes
- Chart and quotes for XAGUSD
Quotes and rates for precious metals Silver vs US Dollar (XAGUSD)
| Date | Rate | Change |
|---|
Related news
-
20.03.2025 03:13Silver Price Forecast: XAG/USD remains below $34.00 after Fed rate decision
- Silver price faced headwinds as the Fed maintained the federal funds rate at 4.25%–4.5% on Wednesday
- The non-yielding Silver may have found support as US Treasury yields declined.
- Silver lease rates have surged due to shrinking stockpiles in London.
Silver price (XAG/USD) holds onto gains after a previous session of losses, trading around $33.80 per troy ounce during Asian hours on Thursday. However, the non-interest-bearing metal faces pressure following the Federal Reserve’s (Fed) interest rate decision.
As widely expected, the Fed maintained the federal funds rate at 4.25%–4.5% during its March meeting but reaffirmed its outlook for two rate cuts later this year. This stance aligns with forecasts of slower GDP growth and higher unemployment, counterbalancing concerns over rising inflation in the United States (US), potentially driven by aggressive tariffs imposed by President Donald Trump.
Silver, a non-yielding asset, may have found support as US Treasury yields declined, with the 2-year yield at 3.97% and the 10-year yield at 4.24%. Meanwhile, bonds gained traction following the Fed’s decision to slow the pace of quantitative tightening, citing concerns over reduced liquidity and potential risks tied to government debt limits.
Silver lease rates have surged due to shrinking stockpiles, particularly in London, as Silver flows toward the US to capitalize on higher prices. Banks and traders lease Silver to ensure short-term liquidity for trading or operational needs.
This shift has widened price gaps between major markets, with spot silver up 17% this year, outperforming other commodities. Additionally, physical Silver transfers from Canada and Mexico are strained by tariffs, further tightening supply. Growing fears of a “silver squeeze” could disrupt trade for months.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
19.03.2025 21:25Silver Price Forecast: XAG/USD slips below $34.00 as Fed acknowledges uncertainty
- Silver retreats to $33.78 from $34.09 high after Fed holds rates, citing economic uncertainty.
- Bearish patterns, including 'quasi-shooting star' and 'hanging man,' suggest potential further declines.
- Key support at $33.39; break below could expose $33.00. Resistance at $34.51 and $35.00 if bulls rally.
Silver price finished the day with a loss of over 0.55% on Wednesday after the Federal Reserve (Fed) held rates unchanged while acknowledging the economic outlook is uncertain due to US trade policies implemented by President Donald Trump. At the time of writing, the XAG/USD trades at $33.78 after hitting a daily high of $34.09.
XAG/USD Price Forecast: Technical outlook
Price action during the last couple of days opened the door for further downside on Silver prices. A ‘quasi-shooting star’ followed by a ‘hanging man’ indicates that sellers are driving XAG/USD beneath the $34.00 figure. This could sponsor a retracement if the grey metal drops below the February 14 daily peak of $33.39. A breach of the latter will expose the $33.00 figure.
If XAG/USD rises past $34.00, the following key resistance would be October 30, 2024, peaking at $34.51, followed by the $35.00 mark.
XAG/USD Price Chart – Daily
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
19.03.2025 09:14Silver Price Forecast: XAG/USD depreciates toward $33.50 ahead of Fed policy decision
- Silver price pulled back from a five-month high of $34.23, reached on Tuesday.
- Silver bulls take a breather ahead of the Federal Reserve’s interest rate decision due on Wednesday.
- The strengthening US Dollar continues to create headwinds for the dollar-denominated precious metal.
Silver price (XAG/USD) retreated after reaching a five-month high of $34.23 on Tuesday, trading around $33.70 per troy ounce during European hours on Wednesday. The decline comes as Silver bulls take a breather ahead of the Federal Reserve’s (Fed) interest rate decision later in the day.
Traders will likely monitor the Fed’s updated economic projections for insights into the future trajectory of US interest rates. Higher interest rates tend to weigh on demand for non-interest-bearing assets like Silver, limiting its upside potential.
Any hawkish signals from Fed policymakers could strengthen the US Dollar (USD), making dollar-denominated Silver more expensive for buyers using foreign currencies. This could create additional headwinds for the precious grey metal.
However, downside risks for Silver price appear limited due to increased safe-haven demand driven by escalating geopolitical tensions. US President Donald Trump reaffirmed his administration's commitment to military action against Yemen’s Houthis and warned that Iran would be held accountable for any further disruptions to Red Sea shipping. Meanwhile, Israeli airstrikes in Gaza, which ended a week-long ceasefire, resulted in at least 200 casualties, according to Palestinian health authorities, as reported by Reuters.
That said, geopolitical tensions have slightly eased after President Trump and Russian President Vladimir Putin agreed on Tuesday to an immediate pause in strikes on energy infrastructure amid the Ukraine war. However, Putin declined to support a broader, month-long ceasefire negotiated by Trump’s team with Ukrainian officials in Saudi Arabia.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
19.03.2025 04:34Silver Price Forecast: XAG/USD sits near multi-month top, bulls retain control near $34.00 mark
- Silver oscillates in a range near a multi-month high touched on Tuesday.
- The technical setup favors bulls and supports prospects for further gains.
- Any corrective slide could be seen as a buying opportunity near $30.40.
Silver (XAG/USD) consolidates in a range around the $34.00 mark during the Asian session on Wednesday and remains close to its highest level since late October touched the previous day. The technical setup, meanwhile, seems tilted in favor of bulls and suggests that the path of least resistance for the white metal remains to the upside.
This week's bounce from the $33.40 resistance-turned support, along with positive oscillators on the daily chart, validates the constructive outlook and supports prospects for an extension of a nearly three-week-old uptrend. Some follow-through buying beyond the overnight swing high, around the $34.20-$34.25 region, will reaffirm the positive bias and lift the XAG/USD beyond the $34.50-$34.55 intermediate hurdle, towards the $35.00 neighborhood, or a multi-year high touched in October.
On the flip side, any corrective pullback might continue to find some support near the $33.40 region, below which the XAG/USD could accelerate the fall toward the $33.00 round figure. A convincing break below the latter could pave the way for a fall towards the 100-day Exponential Moving Average (EMA) pivotal support, currently pegged near the $31.50-$31.45 zone. This is followed by the $31.25-$31.20 support, the $31.00 mark, and the late February low, around the $30.80 area.
Failure to defend the said support levels might shift the near-term bias in favor of bearish traders and make the XAG/USD vulnerable to accelerate the downfall towards the $30.45-$30.40 support en route to the $30.00 psychological mark. The white metal could eventually drop to the $29.55-$29.50 support and test sub-$29.00 levels, or the year-to-date low touched in January.
XAG/USD daily chart
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
18.03.2025 23:06Silver Price Forecast: XAG/USD stalls below $34 as bulls struggle for momentum
- Silver trades at $33.97, failing to hold above $34.00 for the second straight day amid buyer hesitation.
- RSI flattens near overbought levels, suggesting bulls may pause before the next breakout attempt.
- Key resistance at $34.51 and $35.00, while support lies at $33.75, followed by $33.44 if downside pressure builds.
Silver price rally halts for the second straight day, with bulls remaining unable to decisively clear the $34.00 figure for the second consecutive day despite registering a yearly peak of $34.23. At the time of writing, the XAG/USD trades at $33.97, virtually unchanged, as Wednesday’s Asian session commences.
XAG/USD Price Forecast: Technical outlook
On Tuesday, Silver traded mostly sideways and printed a daily close below 50% of the candle's size, indicating that neither buyers nor sellers are in charge. Although the overall trend suggests the uptrend might continue, bulls seem to take a breather as depicted by the Relative Strength Index (RSI) turning flatlines near overbought territory.
If XAG/USD rises past $34.20, the next key resistance would be the October 30, 2024, peak at $34.51, followed by the $35.00 mark. On the flip side, if Silver’s remains below $34.00, the first support would be the March 18 low of $33.75, followed by the March 17 through at $33.44.
XAG/USD Price Chart – Daily
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
18.03.2025 10:04Silver Price Forecast: XAG/USD refreshes four-month high around $34 ahead of Fed’s policy decision
- Silver price rises sharply to near $34.00 as its appeal increases amid global economic uncertainty.
- The Fed is expected to leave interest rates steady on Wednesday.
- US President Trump is scheduled to speak with Russian leader Putin on a temporary ceasefire with Ukraine.
Silver price (XAG/USD) posts a fresh four-month high near $34.10 in European trading hours on Tuesday. The white metal strengthens as the US Dollar (USD) declines amid deepening uncertainty over the United States (US) economic outlook under the leadership of President Donald Trump.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slides to near the five-month low of 103.20.
US officials, including Donald Trump, have not ruled out an economic recession amid the implementation of new economic policies, especially tariffs. Market participants expect Trump’s tariff agenda could accelerate inflationary pressures and slow down economic growth globally. Historically, demand for non-yielding assets, such as Silver, increases amid heightened global economic woes and inflation.
Meanwhile, investors await US-Russia talks on a 30-day ceasefire plan on Tuesday. Last week, Ukraine agreed to a 30-day ceasefire plan after discussions with US officials in Saudi Arabia. On Monday, the European Union (EU) Foreign policy chief Kaja Kallas said the conditions demanded by Russia to agree to a ceasefire showed Moscow does not really want peace, Reuters report.
Signs of de-escalation in the Russia-Ukraine war would diminish the appeal of safe-haven assets. On the contrary, an absence of a positive outcome is unlikely to increase the strength of safe-haven bets as they already hold the risk premium of the three-year war in Ukraine.
Going forward, investors will pay close attention to the Federal Reserve’s (Fed) interest rate decision on Wednesday. The Fed is almost certain to keep interest rates steady in the range of 4.25%-4.50%. Investors will pay close attention to the Fed’s dot plot to know where officials see Federal Fund Rates heading in the near and long term.
Silver technical analysis
Silver price advances toward the flat border of the Ascending Triangle chart pattern formation on the daily timeframe near the October 22 high of $34.87. The upward-sloping border of the above-mentioned chart pattern is placed from the August 8 low of $26.45. Technically, the Ascending Triangle pattern indicates indecisiveness among market participants.
Advancing 20-day Exponential Moving Average (EMA) near $32.77 indicates a strong uptrend.
The 14-day Relative Strength Index (RSI) holds above 60.00, suggesting a strong bullish momentum.
Looking down, the March 6 high of $32.77 will act as key support for the Silver price. While, the October 22 high of $34.87 will be the major barrier.
Silver daily chart
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
18.03.2025 04:55Silver Price Forecast: XAG/USD attracts some buyers to near $34.00 on economic uncertainty, geopolitical risks
- Silver price gains momentum to around $33.90 in Tuesday’s Asian session, adding 0.16% on the day.
- Heightened economic uncertainty, geopolitical risks and rising demand underpin the Silver price.
- The Fed interest rate decision will be the highlight on Wednesday.
Silver price (XAG/USD) extends its upside to around $33.90, its highest level since October 30, 2024, during the Asian trading hours on Tuesday, bolstered by the weaker US Dollar (USD). The escalating geopolitical tensions in the Middle East, economic uncertainty and growing industrial demand provide some support to the white metal.
The mounting fears of a recession in the United States (US) and persistent uncertainty over trade relations weigh on investor sentiment, boosting safe-haven assets like Silver. Late Monday, US President Donald Trump said that he would be imposing both broad reciprocal tariffs and additional sector-specific tariffs on April 2. Trump has already imposed a 20% tariff rate in China and a 25% levy on steel and aluminum. He also announced a 25% tariff on Canadian and Mexican goods.
Additionally, the rising geopolitical risks in the Middle East contribute to the Silver price’s upside. Israeli Prime Minister Benjamin Netanyahu said on Tuesday that Israel resumes military operations against Hamas across the Gaza Strip, adding that the country will act against the militant group with increasing military force.
Supply deficits and growing industrial demand create a strong tailwind for the white metal. According to the global investment company WisdomTree, investors own a significant portion of it and expect higher prices to encourage sales. Silver's industrial demand has reached all-time highs, owing to its use in photovoltaic applications, 5G technology, and automotive electronics.
The Federal Reserve (Fed) interest rate decision will be closely monitored on Wednesday. The US central bank is expected to hold its benchmark interest rate unchanged in a range of 4.25% to 4.50% at the March meeting. The primary focus will be on the Fed's policy guidance. Any hawkish remarks from Fed officials could lift the Greenback and undermine the USD-denominated commodity price in the near term.Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
17.03.2025 22:50Silver Price Forecast: XAG/USD hovers near $34.00 as bulls take a breather
- Silver holds at $33.85, struggling to breach the $34.00 resistance as momentum stalls for the third straight session.
- RSI flattens near overbought levels, suggesting bulls may be regrouping before a push toward last year’s $34.86 peak.
- Failure to clear $34.00 could trigger a pullback, with support at $33.39, followed by a key floor at $33.00.
Silver prices consolidated near the $33.80 mark for the third consecutive trading day, with buyers struggling to clear the $34.00 a troy ounce mark. At the time of writing, as the Asian session commences, the XAG/USD trades at $33.85, which is virtually unchanged.
XAG/USD Price Forecast: Technical outlook
Silver's price rally halted once the grey metal peaked yearly at $34.08. Since then, buyers have lacked the strength to drive the precious metal to challenge last year’s peak of $34.86, which, if taken out, would pave the way for testing the $35.00 mark.
Worth noting that the Relative Strength Index (RSI) turned flat near overbought territory. This hints that buyers could be taking a breather before launching an assault to challenge higher prices.
Conversely, XAG/USD failed to conquer $34.00, paving the way for a pullback. The first support would be the February 14 high of $33.39. A breach of the latter will expose the $33.00 figure, followed by the 50-day Simple Moving Average (SMA) at $30.57.
XAG/USD Price Chart – Daily
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
17.03.2025 08:45Silver Price Forecast: XAG/USD remains close to $34.00 near five-month highs
- Silver price maintains its position near the five-month high at $34.08, supported by strong safe-haven demand.
- Houthis take responsibility for attacking the USS Harry S. Truman aircraft carrier.
- Risk sentiment could improve as Trump and Putin are expected to hold talks regarding a potential ceasefire in Ukraine.
Silver price (XAG/USD) continues to lose ground for the second successive day, trading around $33.70 per troy ounce during the European hours on Monday. However, Silver price maintains its position near the five-month high at $34.08, reached on March 14.
Silver receives support from safe-haven flows amid escalating geopolitical tensions in the Middle East. On Sunday, the Houthis claimed responsibility for an attack involving 18 ballistic and cruise missiles, as well as drones, targeting the USS Harry S. Truman aircraft carrier and its escorting warships in the northern Red Sea.
Meanwhile, US Defense Secretary Lloyd Austin reaffirmed that the United States (US) would continue targeting Yemen’s Houthis until they cease their attacks on shipping. The Iran-backed group, in turn, has vowed to escalate its retaliation in response to recent US strikes.
However, the upside of precious metals like Silver could be limited due to potential discussions on a ceasefire in Ukraine that may take place this week, as US President Donald Trump and Russian President Vladimir Putin are expected to engage in talks.
Steve Witkoff, Trump’s envoy, stated on Sunday that he anticipates the two leaders will speak, adding that Putin “accepts the philosophy” of Trump’s ceasefire proposal, according to The Guardian. Last week, the US and Ukraine proposed a 30-day ceasefire to Russia, with Putin reportedly showing support for the initiative.
Additionally, concerns over an escalating trade war, fueled by exchanges of tariffs between the U.S. and its major trading partners, further strengthened Silver's safe-haven appeal. Meanwhile, investors look forward to a series of central bank policy meetings later this week, including the US Federal Reserve’s decision. The Fed is widely expected to keep rates on hold amid uncertainty over President Donald Trump's economic policies.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
-
17.03.2025 04:33Silver Price Forecast: XAG/USD holds below $34.00 as traders await US Retail Sales release
- Silver price loses momentum to near $33.80 in Monday’s Asian session.
- Safe-haven flows and growing industrial demand might continue to support the Silver price.
- Traders will take more cues from the US February Retail Sales report, which is due later on Monday.
The Silver price (XAG/USD) edges lower to around $33.80 after reaching its highest level since October 31, 2024, during the Asian trading hours on Monday. Nonetheless, the potential downside for the white metal seems limited due to the economic uncertainty over the impact of a global trade war and a softer Greenback.
The escalating trade war between the US and many of its largest trading partners has raised concerns about the impact on economies across the world. This, in turn, might boost the safe-haven asset like the Silver. Last week, US President Donald Trump threatened a 200% tariff on any alcohol coming to the US from the European Union (EU). Trump has also raised levies on Chinese imports into the US to at least 20%.
Additionally, supply deficits and growing industrial demand could act as strong tailwinds for the white metal. According to the global investment firm WisdomTree, investors hold a significant portion of it and expect higher prices to encourage sales. Industrial demand for silver has reached all-time highs, owing to its use in photovoltaic applications, 5G technology, and automotive electronics.
Silver traders will keep an eye on the US Retail Sales report for February, which is expected to grow by 0.7% MoM. In case of a stronger-than-expected outcome, this could lift the US Dollar (USD) and weigh on the USD-denominated commodity price in the near term.Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
