Silver Price Forecast: Tumbles below $84.00, yet remains bullish
Oleh Christian Borjon Valencia
Dikemas kini: 14 May 2026
ARTIKEL POPULAR
Silver price recoils toward a key support level below $84.00 as the Greenback stages a recovery, and traders, unable to crack $90.00, opted to book profits after solid US Retail Sales data. At the time of writing, XAG/USD trades at $83.53, down more than 4.40%.
- Silver tumbles toward $83.06 support after failing near $90.
- RSI remains above 50, keeping broader bullish momentum intact.
- Break below $83.06 exposes $80.84 and $80.00 support.
Silver price recoils toward a key support level below $84.00 as the Greenback stages a recovery, and traders, unable to crack $90.00, opted to book profits after solid US Retail Sales data. At the time of writing, XAG/USD trades at $83.53, down more than 4.40%.
XAG/USD Price Forecast: Technical outlook
Silver retreated sharply as it aimed to test a crucial key support at the April 17 daily high, turned support at around $83.06, yet remained shy after hitting a daily low of $83.27.
From a momentum standpoint, buyers remain in charge as the Relative Strength Index (RSI)—edging lower—remains above its 50-neutral level.
For a bullish continuation, XAG/USD must clear $85.00. A breach of the latter will expose the May 13 daily low, which has turned into resistance at $83.65, followed by the day’s high at $88.44. On further strength, the next resistance would be the May 13 high at $89.36, followed by $90.00.
Downwards, should XAG/USD drop below $83.06, a move towards the 100-day Simple Moving Average (SMA) at $80.84 is on the cards. Below here, the next support is the $80.00 milestone, ahead of the 20-day SMA at $77.59 and the 50-day SMA at $77.08. Beneath this area, the next stop would be the $70.00 figure.
XAG/USD Price Chart – Daily
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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