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Silver Price Forecast: XAG/USD trades above $77.00 after bouncing off nine-day EMA
작성자 Akhtar Faruqui
게시일: 9 Jan 2026 | 수정일: 9 Jan 2026
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Silver price (XAG/USD) gains ground after two days of losses, trading around $77.20 per troy ounce during the Asian hours on Friday.
- Silver price could test the area near the record high of $85.87.
- The 14-day RSI above 60 favors further gains, while a pullback toward 50 would signal waning momentum.
- Bullish EMAs remain intact, keeping pullbacks supported above the short-term average.
Silver price (XAG/USD) gains ground after two days of losses, trading around $77.20 per troy ounce during the Asian hours on Friday. The technical analysis of the daily chart timeframe suggests the price of the precious metal remains within an ascending channel pattern, indicating a sustained bullish bias.
The 14-day Relative Strength Index (RSI) at 63.63 is neutral-bullish and ticking higher, affirming steady momentum. RSI holding above 60 keeps the path higher favored, but a recoil toward 50 would flag fatigue.
Momentum has cooled from overbought extremes, yet the bullish EMA configuration holds with pullbacks contained above the near-term average. Silver price holds above the rising nine- and 50-day Exponential Moving Averages (EMAs), preserving a bullish bias.
On the upside, the Silver price could explore the region around the record high of $85.87, which was recorded on December 29, 2025, followed by the upper boundary of the ascending channel around $86.90.
The nine-day EMA at $75.81 offers initial support, followed by the lower ascending channel boundary around $75.00. A daily close below the confluence support zone would expose the 50-day base at $63.46.
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.
(The technical analysis of this story was written with the help of an AI tool.)
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