Silver Price Forecast: XAG/USD moves away from all-time peak, slides below $66.00 mark
Silver (XAG/USD) attracts some sellers during the Asian session on Thursday and currently trades around the $65.75-$65.70 region, down over 1% for the day.
  • Silver drifts lower on Thursday and erodes a part of Wednesday's gains to the all-time peak.
  • The overbought RSI on the daily chart is seen as a key factor that prompts profit-taking.
  • The bullish technical setup backs the case for the emergence of dip-buying at lower levels.

Silver (XAG/USD) attracts some sellers during the Asian session on Thursday and currently trades around the $65.75-$65.70 region, down over 1% for the day. The white metal, however, remains well within striking distance of the all-time peak touched the previous day, and the broader technical setup still seems tilted firmly in favor of bullish traders.

The overnight breakout through a horizontal barrier near the $64.00 mark was seen as a key trigger for the XAG/USD bulls and validates the near-term positive outlook. The said handle now coincides with the 100-hour Simple Moving Average (SMA) pivotal support, which, in turn, should act as a strong base for the commodity and as a key pivotal point for short-term traders.

The Relative Strength Index (RSI) prints 59.95, neutral-to-bullish on the 1-hour chart, though it is flashing overbought conditions on the daily chart. The Moving Average Convergence Divergence (MACD) histogram slipped below zero, suggesting the MACD line crossed beneath the Signal line, and momentum cooled. Nevertheless, the broader setup stays mildly constructive

Moreover, the upward slope of the 100-hour SMA suggests that any corrective slide is more likely to attract dip-buying. Holding above the rising SMA would preserve the upside tone for the XAG/USD, while a decisive break below that support would open a deeper pullback. A MACD return to positive territory, and an RSI hold above 50 would bolster the bullish outlook.

(The technical analysis of this story was written with the help of an AI tool)

Silver 1-hour chart

Chart Analysis XAG/USD

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.

Acuity Trading은 2013년에 설립된 런던 기반 핀테크로, AI 기반 대체 데이터와 심리 분석을 통해 트레이딩과 투자를 지원합니다. 시각화된 뉴스와 심리 도구로 온라인 트레이딩 경험을 혁신했으며, 최신 AI 연구와 기술로 알파를 창출하는 대체 데이터와 높은 몰입도의 트레이딩 도구를 제공하며 시장을 선도하고 있습니다.
더 읽기

실시간 시세

이름 / 기호
차트
% 변동 / 가격
XBRUSD
1일 변동
+0%
0
XTIUSD
1일 변동
+0%
0
XAUUSD
1일 변동
+0%
0

OIL에 대한 모든 것

탐색 더 많은 도구
트레이딩 아카데미
거래 전략, 시장 인사이트, 금융 기초를 다루는 다양한 교육 기사를 한 곳에서 탐색해보세요.
더 알아보기
코스
거래 여정의 모든 단계에서 성장을 지원하도록 설계된 체계적인 거래 코스를 탐색해보세요.
더 알아보기
웨비나
업계 전문가로부터 실시간 시장 인사이트와 거래 전략을 얻기 위해 라이브 및 온디맨드 웨비나에 참여하세요.
더 알아보기