Created
: 2025.05.22
- 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 holds near $33.50 as US debt fears fuels haven demand
World FX news
Breaking news
Silver Price Forecast: XAG/USD holds near $33.50 as US debt fears fuels haven demand
New
2025.05.22 07:57
2025.05.22 07:57
2025.05.22 07:57
- Silver gains as Moody's downgrade and US budget vote weigh on sentiment.
- RSI remains bullish; break above $33.50 could target $34.00 next.
- Drop below $33.00 risks deeper pullback toward 100- and 200-day SMAs.
Silver price extended its rally to three days on Wednesday, edging up 0.21% as the Greenback continued to weaken across the board. Moody's downgrade to US sovereign debt and the vote of the US fiscal budget, keeps investors seeking safety in the precious metal. At the time of writing, XAG/USD trades at $33.45.
XAG/USD Price Forecast: Technical outlook
Silver prices stabilized within the $33.00-$33.50 for the day and ended Wednesday's session near the $33.40 area, closing into the first key resistance level at $33.50. As wrote yesterday, "The Relative Strength Index (RSI) favors buyers," which means that a decisive breach of key resistance levels could pave the way to challenge $34.00.
On the other hand, if XAG/USD tumbles below $33.00, it would open the path to challenge the 100-day SMA at $31.98, followed by a test of the 200-day SMA at $31.30.
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
: 2025.05.22
Related articles
Silver Price Forecast: XAG/USD trades near $36.00 support, ascending channel's lower boundary
59 minutes agoIndia Gold price today: Gold rises, according to FXStreet data
2025.06.13 13:35Gold price sits near its highest level since April 22 amid fears of wider Middle East war
2025.06.13 13:35Iran Armed Forces: Israel and the US will "pay a very heavy price"
2025.06.13 12:00Silver Price Forecast: XAG/USD bounces back above $36.00 as the Dollar plunges
2025.06.13 06:01Gold rallies to $3,400 as Middle East tensions and weak US data spur dovish bets on Fed
2025.06.13 02:57
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
USD/CNH Price Analysis: Remains above 7.3500 near two-year highs
The USD/CNH pair recovers its recent losses registered in the previous session, trading around 7.1860 during the Asian hours on Friday. An analysis of the daily chart indicates that the pair price testing to break above the descending channel pattern, which points to a weakening bearish trend.
New
2025.06.13 15:04Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $71.51 per barrel, up from Thursday's close at $67.58.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.71 price posted on Thursday, and trading at $73.48.
New
2025.06.13 15:03FX option expiries for Jun 13 NY cut
FX option expiries for Jun 13 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
New
2025.06.13 14:31USD/MXN jumps above 19.00 on geopolitical risks
The USD/MXN pair gathers strength to around 19.05, snapping the two-day losing streak during the early European session on Friday. The risk-off sentiment amid escalating Israel-Iran tensions exerts some selling pressure on the Mexican Peso (MXN) against the Greenback.
New
2025.06.13 14:29IAEA says there is no increase in radiation levels observed at Iran's Natanz facility
The International Atomic Energy Agency (IAEA) stated on Friday that the Natanz nuclear facility was confirmed to have been hit many times and is reported to be "completely destroyed" here.
New
2025.06.13 14:15EUR/JPY finds cushion near 165.00 while safe-haven demand of Yen remains firm
The EUR/JPY pair finds temporary support near 165.00 during late Asian hours on Friday after a sharp sell-off earlier in the day. The pair slumped as tensions in the Middle East region increased demand for safe-haven assets such as Japanese yen (JPY).
New
2025.06.13 14:12Silver Price Forecast: XAG/USD trades near $36.00 support, ascending channel's lower boundary
Silver price (XAG/USD) retraces its recent gains registered in the previous session, trading around $36.30 per troy ounce during the Asian hours on Friday.
New
2025.06.13 14:06USD/CAD climbs to mid-1.3600s as safe-haven buying benefits USD and offsets surging Oil prices
The USD/CAD pair stages a modest recovery from sub-1.3600 levels, or its lowest level since October 2024 touched during the Asian session on Friday and reverses a major part of the previous day's losses.
New
2025.06.13 13:56USD/INR soars on US Dollar's recovery, rallying Oil and FII outflows
The Indian Rupee (INR) tumbles at open to near 86.25 against the US Dollar (USD) on Friday. USD/INR surges as the US Dollar attracts substantial bids on Friday, tensions in the Middle East have increased its safe-haven demand.
New
2025.06.13 13:41GBP/USD tumbles below 1.3550 amid risk-off sentiment
The GBP/USD pair loses ground to near 1.3530 during the early European session on Friday. The Pound Sterling (GBP) weakens against US Dollar (USD) due to heightened geopolitical tensions in the Middle East.
New
2025.06.13 13:38Disclaimer:
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
