Silver Price Forecasts: XAG/USD retraces losses and rallies beyond $63.50
Silver’s (XAG/USD) appreciates more than $2 so far on Monday, reaching intra-day gains near $63.80 and approaching the fresh all-time highs at $63.65, after bouncing from lows near right below the $61.00 line on Friday.Precious metals are trading on a firm tone on Monday, fuelled by a cautious marke
  • Silver bounced from $60.81 before retracing losses, returning to levels near $63.80.
  • Fresh concerns about China have soured investors' sentiment and provided support to precious metals
  • XAG/USD's trend remains bullish with the channel top, at the $66.00 area, in focus.

Silver’s (XAG/USD) appreciates more than $2 so far on Monday, reaching intra-day gains near $63.80 and approaching the fresh all-time highs at $63.65, after bouncing from lows near right below the $61.00 line on Friday.

Precious metals are trading on a firm tone on Monday, fuelled by a cautious market mood following soft data from China and fresh concerns about the country’s property sector amid news that the state-owned developer, China Vanke, is on the brink of bankruptcy.

Beyond that, US President Trump has pointed to former Fed Governor Kevin Warsh as the best positioned to replace Chairman Powell at the end of his term in May. Trump also said, in an interview with the Wall Street Journal, that the next Fed chair will have to listen to him when deciding about monetary policy, which points towards further monetary easing next year.

Technical Analysis: Silver has an important support at the $61.00 area

Chart Analysis XAG/USD


The 4-hour chart shows the XAG/USD pair trading at $63.73, above 3% above the day’s open. The Relative Strength Index (RSI) at 64 stays above its midline, keeping momentum positive without overbought conditions. The Moving Average Convergence Divergence (MACD), on the other hand, has slipped below zero, reinforcing a cautious tone.

The pair keeps trading within a rising channel from mid-November lows at $48.57, with bulls aiming for Friday's high, at $64.66, and the top of the channel, now in the area of $66.00. Further up, the 70.00 psychological level emerges as the next target.

On the downside, the area between trendline support now around $61.45 and Friday's low, at $60.80, is likely to pose a significant challenge for bears. A confirmation below here would open the path towards the October 7, 8, and 9 lows, in the area of $57.60.

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

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.

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

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