The price of silver (XAG/USD) falls for a third straight trading day, falling over 3.32% on Friday, thanks to a broad-based strengthening of the US dollar (USD) and rising US Treasury yields, which are heading higher from Wednesday on the Fed’s hawkish tilt.
XAG/USD Price Forecast: Technical Outlook
The price of silver continued to fall after clearing the 200-day straightforward moving average (SMA) at $69.11, which was tested three times this week, but buyers gave in and sellers gained the upper hand, pushing the white metal below $65.00.
The momentum shows that the bears continue to gain strength as indicated by the Relative Strength Index (RSI), although it is worth noting that sellers appear to be losing some energy.
To maintain bearish continuation, XAG/USD must break the March 23 intraday low of $61.06. Below this, the next support will be the $60.00 milestone, followed by intraday support at $54.39 on November 13, 2025, above the $50.00 level.
Conversely, for XAG/USD to resume its uptrend, buyers need to break the 200-day SMA at $69.11. Above this level, the next area of concern will be $70.00, followed by the 50-day SMA at $74.88.
XAG/USD price chart – daily
Silver FAQs
Silver is a precious metal that investors like to trade. Historically, it has been used as a store of value and a medium of exchange. Although less popular than gold, investors may turn to silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during periods of high inflation. Investors can buy physical silver in coins or bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can fluctuate due to many factors. Geopolitical instability or fear of a deep recession may push silver prices higher due to its safe-haven status, although to a lesser extent than gold. As a non-yielding asset, silver tends to rise at lower interest rates. Its movements also depend on the behavior of the US dollar (USD) when the asset is priced in dollars (XAG/USD). A sturdy dollar tends to keep the price of silver at bay, while a weaker dollar will likely push prices higher. Other factors such as investment demand, mining supply – there is much more silver than gold – and recycling rates can also influence prices.
Silver is widely used in industry, especially in sectors such as electronics and solar energy, because it has one of the highest electrical conductivities of all metals – greater than copper and gold. An raise in demand can raise prices, while a decrease usually lowers them. The dynamics of the economies of the United States, China and India can also contribute to price fluctuations: in the case of the United States and especially China, gigantic industrial sectors operate silver in various processes; in India, consumer demand for precious metals for jewelry production also plays a key role in pricing.
Silver prices usually follow the movements of gold. When gold prices rise, silver tends to follow suit because their status as safe-haven assets is similar. The gold-to-silver ratio, which shows the number of ounces of silver needed to equal the value of one ounce of gold, can support determine the relative valuation of the two metals. Some investors may view a high ratio as an indicator that silver is undervalued or gold is overvalued. On the contrary, a low ratio may suggest that gold is undervalued relative to silver.
