Created
: 2025.03.29
- 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 pulls back from 5-month peak, bears eye $34
World FX news
Breaking news
Silver Price Forecast: XAG/USD pulls back from 5-month peak, bears eye $34
New
2025.03.29 05:20
2025.03.29 05:20
2025.03.29 05:20
- Silver slips after strong rally as traders reduce exposure ahead of key US macroeconomic releases next week.
- A close below $34.23 opens door to deeper pullback, with $33.51 and $33.00 as key downside targets.
- Bulls need to hold above $34.25 to retest YTD high at $34.58 and make a run toward $35.00.
Silver price hits a five-month high but retreats toward the $34 figure late on Friday, as traders brace for the weekend, eyeing a busy economic schedule in the United States (US). At the time of writing, the XAG/USD pair trades at $34.03, down by over 1%.
XAG/USD Price Forecast: Technical outlook
Silver hit $34.58 earlier, before retreating as traders seem to book profits, taking risks off the table. As the grey metal falls, it has cleared the first support seen at $34.23, March 18 peak. If sellers achieve a daily close below the latter, XAG/USD could extend its losses beneath $34.00.
In that outcome, the first support would be the March 26 daily low of $33.51. Once surpassed the next stop would be $33.00. On the other hand, if Silver remains above $34.25, bulls could be poised to claim the year-to-date (YTD) high of $34.58, ahead of testing $35.00
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
: 2025.03.29
Related articles
Silver Price Forecast: XAG/USD flattens around $34, Trump's tariffs in focus
2025.03.31 20:06Copper continues its retreat- ING
2025.03.31 19:16Gold hits fresh all-time high ahead of Trump's reciprocal tariff deadline
2025.03.31 19:00Gold rises above $3,100 - ING
2025.03.31 18:54Silver price today: Silver rises, according to FXStreet data
2025.03.31 18:30Palladium price today: Rare metals advance at the start of the European session
2025.03.31 18:06
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
Germany annual CPI inflation declines to 2.2% in March
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2.2% on a yearly basis in March from 2.3% in February, Destatis' flash estimate showed on Monday.
New
2025.03.31 21:06US Dollar flat despite market turmoil ahead of Trump's reciprocal tariffs
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, lacks direction and trades almost flat on Monday.
New
2025.03.31 20:56USD/JPY is trading around 149.00 for now - BBH
USD/JPY was down at a multi-day low under 149.00 on heighted risk aversion and narrower US-Japan bond yield spreads, but it somewhat recovered above that hurdle, BBH's FX analysts report.
New
2025.03.31 20:45EU gas prices continue to decline - ING
In gas, natural gas prices in Europe extended declines for a second straight session in the early trading session today, after falling around 4.7% week-on-week as of last Friday, ING's commodity analysts Warren Patterson and Ewa Manthey note.
New
2025.03.31 20:38USD/CNH looks bearish on the day - BBH
USD/CNH is drifting lower. China economic activity edged up in March, BBH's FX analysts report.
New
2025.03.31 20:34Silver Price Forecast: XAG/USD flattens around $34, Trump's tariffs in focus
Silver price (XAG/USD) wobbles around $34.00 in Monday's European session.
New
2025.03.31 20:06Oil prices are under pressure - ING
Oil prices opened lower this morning with ICE Brent extending its declines from last week, hovering around $73.5/bbl.
New
2025.03.31 19:25USD/CAD Price Forecast: Extends winning streak amid caution ahead of Liberation Day
The USD/CAD pair extends its winning streak for the third day on Monday.
New
2025.03.31 19:20AUD: RBA hold amid tariff noise - ING
The Reserve Bank of Australia announces rates at 0430 BST tomorrow and we expect a hold, in line with consensus and market pricing (less than 10% implied probability of a cut).
New
2025.03.31 19:19Copper continues its retreat- ING
Copper continues retreating from a nine-month high amid broader risk-off sentiment, ING's commodity analysts Warren Patterson and Ewa Manthey note.
New
2025.03.31 19:16Disclaimer:
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
