Created
: 2025.03.27
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Silver Price Forecast: XAG/USD retreats from 4-day peak, beneath $34
World FX news
Breaking news
Silver Price Forecast: XAG/USD retreats from 4-day peak, beneath $34
New
2025.03.27 07:25
2025.03.27 07:25
2025.03.27 07:25
- Silver retreats 0.32% after hitting $33.92, pressured by US Dollar rebound despite recent bullish momentum.
- RSI suggests bulls may attempt another push above $34.00 toward key resistance at $34.86.
- Breakdown below $33.00 exposes support at $32.66, followed by 50-day SMA near $32.04.
Silver price retreats by 0.32% after reaching a four-day high of $33.92. At the time of writing, XAG/USD trades at $33.60, undermined by the strength of the US Dollar, which has registered solid gains.
XAG/USD Price Forecast: Technical outlook
After registering a solid rally on Tuesday, Silver failed to break the $34.00 mark, which opened the door for sellers, capping the grey metal's advance to challenging yearly peaks, near $34.23.
Momentum favors XAG/USD upside as depicted by the Relative Strength Index (RSI), which, is about to surpass the previous peak. Therefore, short-term further upside is seen.
XAG/USD first resistance would be the March 26 high at $33.92. Once cleared the next stop would be the $34.00 figure, followed by last October's monthly peak at $34.86.
Conversely, if XAG/USD slips beneath $33.00, immediate support emerges at the March 21 low of $32.66. Once hurdled, the next stop is the 50-day Simple Moving Average (SMA) at $32.04.
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.
Last updated
: 2025.03.27
Related articles
Gold price climbs beyond $3,100, sets fresh record high amid trade woes
47 minutes agoGold price conquers $3,100 for the first time ever on tariff war fears
2025.03.31 11:27Gold Price Forecast: XAU/USD rises to near record high below $3,100 amid global uncertainty
2025.03.31 09:18Silver Price Forecast: XAG/USD pulls back from 5-month peak, bears eye $34
2025.03.29 05:19Gold price hits new record high near $3,090 as Fed cut bets defy trade war fears
2025.03.29 05:04Silver Price Forecast: XAG/USD refreshes five-month high near $34.60 on global trade concerns
2025.03.28 23:36
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
WTI consolidates below $69.00; traders seem non-committed amid mixed cues
West Texas Intermediate (WTI) US Crude Oil prices attract some sellers following an Asian session uptick to mid-$69.00s, albeit the downtick lacks bearish conviction.
New
2025.03.31 14:31Gold price climbs beyond $3,100, sets fresh record high amid trade woes
Gold price (XAU/USD) attracts strong follow-through buying for the third consecutive day and climbs beyond the $3,100 mark, hitting a fresh all-time peak during the Asian session on Monday.
New
2025.03.31 13:52NZD/USD weakens to near 0.5700 as Trump's tariffs loom
The NZD/USD pair edges lower to around 0.5705 during the Asian trading hours on Monday.
New
2025.03.31 13:41USD/CAD consolidates in a range above 1.4300 mark amid mixed cues
The USD/CAD pair struggles to capitalize on its modest bounce from the monthly low touched last Wednesday and kicks off the new week on a subdued note amid mixed cues.
New
2025.03.31 12:11Japanese Yen advances to one-week high against USD amid the risk-off mood
The Japanese Yen (JPY) strengthens against its American counterpart for the second consecutive day on Monday and hits a one-week high during the Asian session on Monday.
New
2025.03.31 11:44GBP/USD attracts some buyers above 1.2950 on weaker US Dollar
The GBP/USD pair gathers strength to near 1.2965 during the Asian trading hours on Monday.
New
2025.03.31 11:36Gold price conquers $3,100 for the first time ever on tariff war fears
The record rally in Gold price remains unabated as buyers conquer the $3,100 threshold for the time on record. Heightening fears of a potential global trade war and stagflation in the United States (US) intensify safe-haven demand for the traditional store of value, Gold.
New
2025.03.31 11:27Japan's Kato: Have agreed with the US that excessive moves on forex are undesirable
Japanese Finance Minister Katsunobu Kato said on Monday, they "have agreed with the US that excessive moves on forex are undesirable."
New
2025.03.31 10:56Australian Dollar climbs after upbeat Chinese PMI data
The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the upbeat Chinese economic data.
New
2025.03.31 10:40China's March NBS Manufacturing PMI rises to 50.5, Non-Manufacturing PMI jumps to 50.8
China's Manufacturing Purchasing Managers' Index (PMI) edged higher to 50.5 in March from 50.2 in February, the official data released by the National Bureau of Statistics (NBS) showed on Monday.
New
2025.03.31 10:33Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
