Created
: 2025.07.21
- 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 treads water above $38.00, nine-day EMA
World FX news
Breaking news
Silver Price Forecast: XAG/USD treads water above $38.00, nine-day EMA
New
2025.07.21 13:25
2025.07.21 13:25
2025.07.21 13:25
- Silver price may find an initial barrier at $39.13, the highest since September 2011.
- The bullish bias gains momentum as the 14-day Relative Strength Index remains above the 50 level.
- Immediate support is located at the nine-day Exponential Moving Average, around the $37.79 level.
Silver price (XAG/USD) holds position after registering mild losses in the previous session, trading around $38.20 per troy ounce during the Asian hours on Monday. The technical analysis of the daily chart suggests the price of the precious metal moves upwards within an ascending channel pattern, indicating a persistent bullish bias.
The 14-day Relative Strength Index (RSI) remains above the 50 level, suggesting that bullish bias is strengthening. Additionally, the Silver price is trading above the nine-day Exponential Moving Average (EMA), indicating that short-term price momentum is stronger.
On the upside, the XAG/USD pair may target $39.13, the highest since September 2011, reached on July 14. A successful breach above this level could support the Silver price to explore the region around the upper boundary of the ascending channel around the psychological level of $41.50.
The Silver price may test the immediate support at the nine-day EMA of $37.79, followed by the ascending channel's lower boundary at $37.20 level. Further declines would weaken the bullish bias and prompt the XAG/USD pair to test the 50-day EMA at $35.91. A break below this level would dampen the medium-term price momentum and prompt the price of Silver to navigate the region around the two-month low at $31.65, which was recorded on May 15.
XAG/USD: Daily Chart
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
: 2025.07.21
Related articles
Silver Price Forecast: XAG/USD steadies near $38.50, eyes breakout above $39.00
2025.07.21 21:55Gold recovers as EU-US trade tensions take focus
2025.07.21 20:56Gold Price Forecast: XAU/USD jumps to near $3,370, following base-building near 20-EMA
2025.07.21 20:36Gold eyes breakout above $3375 - Société Générale
2025.07.21 19:46Orders for LME lead jump most in over a month - ING
2025.07.21 19:38Silver price today: Silver rises, according to FXStreet data
2025.07.21 18:30
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/JPY edges lower as EU-US trade tensions overshadow Japan's election results
The Euro (EUR) is easing against the Japanese Yen (JPY) following Japan's post-election clarity and renewed concerns over stalled EU-US trade negotiations.
New
2025.07.21 23:52GBP/USD steadies as US Dollar weakens
The British Pound (GBP) is staging a modest rebound against the US Dollar (USD) on Monday, with GBP/USD trading around the 1.3480 mark during the American trading session.
New
2025.07.21 23:33NZD/USD steadies as soft CPI data fuels RBNZ cut bets, USD weakens on trade risk
The New Zealand Dollar (NZD) is battling the US Dollar (USD) on Monday as traders weigh EU-US trade tensions against mixed domestic inflation data from New Zealand that could prompt RBNZ rate cuts.
New
2025.07.21 22:30US Treasury Sec. Bessent: Decrease in rates would unlock mortgage market
United States (US) Treasury Secretary Scott Bessent told CNBC on Monday that a decrease in interest rates would unlock the mortgage market, per Reuters.
New
2025.07.21 22:30Silver Price Forecast: XAG/USD steadies near $38.50, eyes breakout above $39.00
Silver (XAG/USD) starts the week on firmer ground after a mild pullback last week. As of now, the metal is trading near $38.50 during the early American trading hours on Monday, just shy of the multi-year high of $39.13 set on July 14.
New
2025.07.21 21:55JPY is outperforming post-election - Scotiabank
The Japanese Yen (JPY) is strong, up 0.6% against the US Dollar (USD) and outperforming all of the G10 currencies as market participants respond to this weekend's upper house election result, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.07.21 21:06US Dollar slips as trade tensions flare, Fed uncertainty weigh on sentiment
The US Dollar (USD) kicks off the week on the back foot, slipping against major currencies in Monday trading. Investors are reacting to renewed trade tensions ahead of the August 1 deadline and a generally cautious market sentiment.
New
2025.07.21 21:05GBP is showing strength - Scotiabank
The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies into Monday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.07.21 21:02EUR steady ahead of ECB and PMI's - Scotiabank
The Euro (EUR) is steady, up a marginal 0.1% as it shows signs of continued stabilization around 1.16, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.07.21 21:00USD/CNH: Likely to trade in a range of 7.1730/7.1860 - UOB Group
US Dollar (USD) is likely to trade in a range of 7.1730/7.1860 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.07.21 20:57Disclaimer:
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
