Select Language

Silver Price Forecast: XAG/USD on retreat from $44,10, finds support at $43.65 

Breaking news

Silver Price Forecast: XAG/USD on retreat from $44,10, finds support at $43.65 

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.23 16:35
Silver Price Forecast: XAG/USD on retreat from $44,10, finds support at $43.65 

update 2025.09.23 16:35

  • Silver bears are struggling to break $43.65 after rejection from long-term highs, at $44.10.
  • The US Dollar's recovery is lacking momentum with investors pricing in further Fed rate cuts.
  • XAG/USD has pulled back from oversold levels but maintains its bearish trend intact.

Silver's (XAG/USD) has been consolidating gains for most of Tuesday's Asian session, as the precious metal's retreat from all-time highs at $44.20 has been contained above the $43.65 area, and is trading near $43.90 on the Early European session.

The XAG/USD pair's reversal has lost momentum on Tuesday's early trading as the US Dollar's recovery is lacking follow-through so far. Fed speakers offered mixed views about the path of the Fed's monetary policy, which failed to alter the view that the US central bank will be forced to cut rates further in the coming months, to support a deteriorating labour market.

Markets, however, are likely to be little moved during the European trading times, with investors awaiting the release of US Flash PMIs to assess the impact of tariffs on business activity and Fed Powell's speech about the Economic Outlook.

Technical Analysis: Holding gains with the bullish bias intact

XAG/USD Chart

From a technical perspective, the pair maintains its broader bullish bias intact. The correction from Monday's highs has pulled the 4-hour Relative Strength Index back below overbought levels but still well above the 50 line, which reflects positive momentum.

To the downside, below the mentioned intra-day low, at $43.65, Monday's low, at $43.35, might provide some support ahead of the previous peak, at the $43.00 area (September 16 high.

To the upside, there is a trendline resistance in the $44.10 area, ahead of the $45.00 psychological level and the 261.8% Fibonacci retracement of the mid-September pullback, at $45.90.

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.


Date

Created

 : 2025.09.23

Update

Last updated

 : 2025.09.23

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

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 steadies near 176.00 as Japan's stimulus and BoJ-ECB divergence weigh

The Euro (EUR) steadies against the Japanese Yen (JPY) on Wednesday, trading around 176.26 after snapping a four-day losing streak on Tuesday.
New
update2025.10.22 23:38

EUR/CHF rebounds from 11-month low amid ECB, SNB policy signals

The Euro (EUR) steadies against the Swiss Franc (CHF) on Wednesday, recovering after briefly hitting an 11-month low near 0.9205 on Tuesday. At the time of writing, EUR/CHF trades around 0.9240, as the Euro stages a mild technical rebound from oversold conditions.
New
update2025.10.22 22:32

EUR/USD extends loses with ECB's Lagarde, Fed speakers on focus

EUR/USD has retraced previous gains on Wednesday, to extend its decline to one-week lows below 1.1600, trading at 1.1586 at the time of writing.
New
update2025.10.22 20:59

Gold declines as profit taking and firmer US Dollar drive losses

Gold (XAU/USD) extends its decline on Wednesday, losing further ground after Tuesday's sharp correction from record highs, as improving risk sentiment kept buyers on the sidelines.
New
update2025.10.22 20:47

WTI extends gains above $58.00 on hopes of a US-China deal

Crude prices are trading higher for the second consecutive day on Wednesday.
New
update2025.10.22 20:45

Farage ramps up criticism of BoE - Rabobank

In recent weeks, Nigel Farage has sharpened criticism of the Bank of England. His challenge to central bank independence isn't just opposition rhetoric but signals potential future policy, Rabobank's Senior Macro Strategist Stefan Koopman reports.
New
update2025.10.22 20:38

ECB sets to leave Deposit Rate unchanged at 2% on October 30 - Reuters poll

According to a Reuters' poll, the European Central Bank (ECB) is widely anticipated to hold its Deposit Facility Rate steady at 2% in its monetray policy announcement on October 30.
New
update2025.10.22 20:22

USD/JPY struggles to extend winning streak, focus shifts to US CPI

The USD/JPY pair struggles to extend its winning streak for the fourth trading day on Wednesday. The pair faces barriers near a fresh weekly high of 152.17 posted on Tuesday.
New
update2025.10.22 20:09

EUR/GBP Price Forecasts: Returns above 0.8700 as the Pound dives

The Euro jumped to intra-week highs above 0.8700 earlier on Wednesday, buoyed by the Pound's weakness following softer-than-expected UK inflation data.
New
update2025.10.22 20:05

USD leads G10 monthly performance - Rabobank

The US Dollar (USD) is currently the best performing G10 currency both on a one-month view and in the month to date, Rabobank's FX analyst Jane Foley reports.
New
update2025.10.22 19:52

Disclaimer:arw

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.

  • Facebook
  • Twitter
  • LINE

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

I agree
share
Share
Cancel