Created
: 2025.06.05
- 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 steady near $34.50 as bulls take a breather
World FX news
Breaking news
Silver Price Forecast: XAG/USD holds steady near $34.50 as bulls take a breather
2025.06.05 04:22
2025.06.05 04:22
- Silver trades flat but holds gains after strongest rally since October 2024, keeping bullish structure intact.
- Break above $35.00 may open path toward $37.49, last reached in February 2012.
- Close below $34.58 could trigger pullback to $34.00, with deeper support at $33.69.
Silver price consolidated during Wednesday's session, trading almost flat near $34.50, as traders seem reluctant to push the metal's prices outside of the $34.00-$34.50 range.
XAG/USD Price Forecast: Technical outlook
Technically, Silver remains bullish-biased, though buyers are taking a breather after Monday's over 5% gain, which pushed XAG/USD from around $33.00 to $34.50, the most significant gain since October 18, 2024, when Silver gained 6.40%.
As Silver makes higher highs and higher lows and has broken the previous two peaks seen near $34.51, the grey metal seems poised to challenge the $35.00 figure. A decisive break could send XAG/USD to challenge 13-year highs at $37.49, the February 29, 2012, daily high.
Conversely, a daily close of XAG/USD below the March 28 peak of $34.58 would likely result in a decline towards $34.00. In the event of further weakness, the next support level would be the May 22 peak, which has since turned into support at $33.69.
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
: 2025.06.05
Related articles
Copper spreads spike again - ING
49 minutes agoSilver Price Forecast: XAG/USD nosedives below $36 on improvement in Sino-US trade relations
2025.06.27 18:47Silver price today: Silver falls, according to FXStreet data
2025.06.27 18:32Silver Price Forecast: XAG/USD falls to near $36.50 despite renewed risk aversion
2025.06.27 14:19India Gold price today: Gold falls, according to FXStreet data
2025.06.27 13:36Gold price declines to fresh two-week low, further below $3,300 ahead of US PCE data
2025.06.27 13:11
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
EUR/GBP recovers to near 0.8530 on hopes of potential US-Eurozone trade deal
The EUR/GBP pair claws back its early losses and moves higher to near 0.8530 during European trading hours on Friday.
New
2025.06.27 20:39USD limps into the weekend - ING
The US Dollar (USD) is limping into the end of the week and the end of the month. Intraday trends across the major currencies are mixed but the Dollar Index (DXY) itself is still tracking a little lower overall on the day for a (so far) fifth consecutive daily drop.
New
2025.06.27 20:30USD/CNH: Likely to trade in a range of 7.1570/7.1770 - UOB Group
US Dollar (USD) is likely to trade in a range of 7.1570/7.1770 against Chinese Yuan (CNH). In the longer run, there has been a tentative buildup in momentum; USD is likely to edge lower toward 7.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.06.27 20:26JPY: Some relief from inflation - Commerzbank
Inflation in the Greater Tokyo Area, a reliable early indicator of price trends throughout Japan, rose less sharply than expected in June. Prices rose by 3.1% year-on-year, compared with a rise of 3.4% during the previous month, Commerzbank's FX analyst Volkmar Baur notes.
New
2025.06.27 20:20WTI Oil consolidates around $65.00 as the Middle East ceasefire holds
Oil prices are trading within a narrow range around $65.00 on Friday, consolidating losses, on track to their largest weekly sell-off in years, following a nearly $12 depreciation after Trump announced a truce in the Israel-Iran war.A fragile ceasefire is holding so far, and investors have shifted t
New
2025.06.27 20:18USD/JPY: Any advance is unlikely to break clearly above 145.55 - UOB Group
US Dollar (USD) could rebound further against Japanese Yen (JPY), but any advance is unlikely to break clearly above 145.55. In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.06.27 20:09USD: Still feeling the heat - Commerzbank
Yesterday, the EUR/USD exchange rate could soon reach 1.18 again. The Euro (EUR) promptly took off and climbed to 1.1744 against the US Dollar (USD).
New
2025.06.27 20:05NZD/USD: Likely to edge above 0.6075 - UOB Group
There is room for New Zealand Dollar (NZD) to edge above 0.6075 against US Dollar (USD); the major resistance at 0.6090 still appears to be out of reach.
New
2025.06.27 19:58Copper spreads spike again - ING
Copper spreads spiked again on the LME on Thursday. Cash contracts trading at a premium of above $319/t to three-month futures, but still down from a historic high of $379/t seen on Monday.
New
2025.06.27 19:55AUD/USD: Likely to test 0.6575 - UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6575; the major resistance at 0.6595 is likely out of reach. In the longer run, there is potential for AUD to test 0.6595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.06.27 19:52Disclaimer:
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
