Silver Price Forecast: XAG/USD hangs near multi-week low; seems vulnerable below $67.50

인기 기사

Silver (XAG/USD) falters after a modest Asian session bounce to the $69.60 area and trades with a negative bias for the fifth straight day on Monday. The white metal is currently placed just below mid-$67.00s, down 0.80% for the day, and seems vulnerable near a six-week low, touched last Thursday.

Silver struggles to capitalize on a modest bounce during the Asian session on Monday.
Last week’s breakdown and below the 100-day SMA back the case for further losses.
Any attempted recovery could be seen as a selling opportunity and remain capped.

From a technical perspective, last week's breakdown and close below the 100-day Simple Moving Average (SMA) – for the first time since April 2025 – was seen as a key trigger for the XAG/USD bears. Adding to this, the Moving Average Convergence Divergence (MACD) indicator (12, 26, 9) extends deeper into negative territory with the line below its signal, reinforcing dominant downside momentum.

Moreover, the Relative Strength Index (RSI) at 32 stays just above oversold territory and aligns with building selling pressure rather than signaling a firm reversal. Meanwhile, immediate support sits at $67.50, guarding the recent trough, followed by $65.00 as a lower support area if sellers extend control. A sustained break below $67.50 would open the way toward the mid-$60s, while only a close back above $73.80 would start to challenge the prevailing bearish structure.

On the upside, initial resistance emerges at the $72.80–$73.80 band, where the 100-day SMA converges with recent breakdown levels, and a recovery above this zone would be needed to ease immediate bearish pressure. Above that, the next resistance stands at $80.00, capping a prior consolidation shelf.

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

XAG/USD daily chart

Silver FAQs

Why do people invest in Silver?

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.

Which factors influence Silver prices?

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.

How does industrial demand affect Silver 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.

How do Silver prices react to Gold’s moves?

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.

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