The Silver market, commonly traded as XAG/USD (XAGUSD), represents the price of one troy ounce of silver quoted in U.S. dollars. Silver is one of the world's most actively traded precious metals, valued both as a safe-haven asset and as an essential industrial metal used in electronics, solar energy, medical equipment, and manufacturing.
The price of Silver (XAG/USD) is influenced by Federal Reserve policy, interest rates, inflation expectations, industrial demand, U.S. dollar strength, global economic growth, and overall market sentiment. Because Silver combines characteristics of both a precious and an industrial metal, it often experiences higher volatility than Gold and remains a popular instrument among traders and investors.
This page provides Silver (XAG/USD) forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin data, market statistics, and regularly updated trading insights.
Silver (XAG/USD)
The price of Silver (XAG/USD) is influenced by Federal Reserve policy, interest rates, inflation expectations, industrial demand, U.S. dollar strength, global economic growth, and overall market sentiment. Because Silver combines characteristics of both a precious and an industrial metal, it often experiences higher volatility than Gold and remains a popular instrument among traders and investors.
This page provides Silver (XAG/USD) forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin data, market statistics, and regularly updated trading insights.
Trading Specifications SILVER
ℹ INFO
| Specification | Details |
|---|---|
| Symbol | XAG/USD (XAGUSD) |
| Asset Class | Precious Metals / Spot Silver |
| Contract Size | 5,000 troy ounces |
| Min. Price Increment | $0.005 (1 pip) |
| Dollar Value per Pip | $25.00 |
| Trading Hours | 23:00–22:00 UTC, Monday–Friday |
| Most Active Trading Period | 13:00–17:00 UTC (London–New York session overlap) |
| Key Market Drivers | Federal Reserve decisions, CPI inflation, Nonfarm Payrolls (NFP), industrial demand, the U.S. Dollar Index (DXY), and Gold prices |
| Correlation | Generally positively correlated with Gold and inversely correlated with the U.S. Dollar Index (DXY) |
Forward Points
SIU26 (Sep '26)
Sep 2026
0.21 pips
SIZ26 (Dec '26)
Dec 2026
0.88 pips
SIH27 (Mar '27)
Mar 2027
1.34 pips
SIM27 (Jun '27)
Jun 2027
1.67 pips
Marginal Data XAGUSD
Margin
$28648
2026-07-29
Point Cost
$50.00
per 1 pp
Points
573 pp
margin / cost
Economic Calendar (High Impact Events) XAG/USD
Current Week (27.07–02.08)
| Time | Event | Cur. | Actual | Forecast | Prev. | Eff. |
|---|---|---|---|---|---|---|
| 27.07 15:30 | Durable Goods Orders m/m | USD | 0.3% | 1.7% | -4.0% | — |
| 28.07 17:00 | CB Consumer Confidence Index | USD | 90.8 | 89.5 | 92.2 | ▲ |
| 29.07 17:30 | EIA Crude Oil Stocks Change | USD | 5.131 M | 2.010 M | — | |
| 29.07 21:00 | Fed Interest Rate Decision | USD | 3.75% | — | ||
| 29.07 21:30 | FOMC Press Conference | USD | — | |||
| 30.07 15:30 | Core PCE Price Index m/m | USD | 0.4% | 0.3% | — | |
| 30.07 15:30 | Core PCE Price Index y/y | USD | 3.5% | 3.4% | — | |
| 30.07 15:30 | GDP q/q | USD | 1.7% | 2.1% | — |
🎯 Key Levels (Pivot Points) SILVER
R3
60.19666
60.19666
R2
59.39033
59.39033
R1
58.24966
58.24966
Pivot
57.44333
57.44333
S1
56.30266
56.30266
S2
55.49633
55.49633
S3
54.35566
54.35566
🔴 Close (57.109) below Pivot (57.44333). Bears in control on Open 29.07.2026
Latest Analysis Threads XAGUSD
- Silver Forecast for July 21, 202621.07.2026
- Silver Market Analysis for July 17, 202617.07.2026
- SILVER Forecast for July 10, 202610.07.2026
- SILVER Forecast for July 10, 202610.07.2026
- XAGUSD Analysis for July 9, 202609.07.2026
- Silver Market Forecast for July 6, 202606.07.2026
- XAGUSD Forecast for June 30, 202630.06.2026
Latest News SILVER
29.07.2026
Ukraine Says It Hit Major Rosneft Refinery in Russia’s Ryazan
Ukraine says it attacked a refinery owned by Russia’s largest oil producer Rosneft PJSC overnight, its first strike on a major oil-processing facility in nearly two weeks.
29.07.2026
Roknifard: Iran Strategic With Use of Allies’ Attacks
The US says it has intercepted several Iranian ballistic missiles on its military bases - breaking the brief pause in fighting in the Middle East. Meanwhile the US and Saudi forces launched attacks on Iran-backed militia targets in Iraq in response to the drones attacking Saudi's energy infrastructu...
29.07.2026
Geopolitical relief ahead?
U.S.-Iran hostilities are on hold, Brent is correcting, but the risks and consequences haven't gone away.
29.07.2026
South Korea to Hold Emergency Market Meeting After Kospi Turmoil
South Korea will hold an emergency meeting Wednesday evening to discuss the market situation after a stocks rout that has wiped billions of dollars off investors’ holdings.
29.07.2026
Iran Attacks US Bases
Iran fired on American forces overnight and the US and Saudi Arabia struck Tehran-backed militias in Iraq, ending a days-long lull in hostilities. The latest skirmishing underscores how far Iran and the US are from formally restarting peace negotiations, let alone agreeing a deal to permanently end ...
29.07.2026
Euro-Zone Wage Growth Set to Quicken Into Next Year, ECB Says
Euro-area pay growth is poised to accelerate through early 2027, though will remain far below previous peaks, the European Central Bank said as it gauges inflation resulting from the Iran war.
29.07.2026
Iran Attacks US Bases and Saudi Arabia Joins Strikes in Iraq
Iran fired on American forces overnight and the US and Saudi Arabia struck Tehran-backed militias in Iraq, abruptly ending a days-long lull in hostilities.
FAQ XAG/USD
What is XAG/USD (XAGUSD)?
XAG/USD, also known as XAGUSD or simply Silver, is the price of one troy ounce of silver quoted in U.S. dollars. Unlike Gold, Silver has a dual role - it is both a precious metal investment and an industrial commodity, used heavily in electronics, solar panels, and manufacturing.
Why does Silver price go up or down?
Silver rises when investors seek safety, inflation expectations climb, industrial demand strengthens (especially from solar and electronics), or the U.S. dollar weakens. Silver falls when the dollar strengthens, real yields rise, or manufacturing activity slows. Because Silver responds to both investment flows and industrial demand, it tends to be more volatile than Gold in either direction.
Why does Silver move with Gold?
Gold and Silver are both precious metals that attract capital during economic uncertainty, so investment flows often move them in the same direction. However, Silver carries a larger industrial component - roughly half of global Silver demand comes from manufacturing, solar panels, and electronics - so it can diverge from Gold when industrial demand shifts independently of safe-haven flows. The Gold/Silver ratio is widely used by traders to track this relationship.
Is Silver a safe-haven asset?
Yes, but a more volatile one than Gold. Silver benefits from the same safe-haven demand during crises and inflation, but its smaller market size and industrial exposure make price swings sharper in both directions. Traders often see Silver as a higher-risk, higher-reward alternative to Gold.
What is the best time to trade XAGUSD?
The most active and liquid window for trading XAGUSD is the overlap between the London and New York sessions - roughly 13:00 to 17:00 UTC. During this period, trading volume peaks and spreads are typically tightest. The highest volatility occurs around major U.S. data releases: Nonfarm Payrolls, CPI inflation reports, and Federal Reserve interest rate decisions.
What influences Silver prices the most?
The main drivers of Silver prices are: Federal Reserve monetary policy and real yields; U.S. dollar strength (DXY); industrial demand from electronics, solar energy, and manufacturing; Gold price movements; and inflation expectations. Unlike Gold, Silver demand is roughly half industrial - making manufacturing and PMI data more relevant to Silver than to Gold.
Can technical analysis be used to trade Silver?
Yes, and Silver responds well to technical analysis. Key tools traders use on XAGUSD include: support and resistance levels, moving averages, RSI for overbought/oversold conditions, MACD for momentum, and Fibonacci retracements for pullback entries. Because Silver is more volatile than Gold, technical levels can break more sharply - always combine TA with awareness of the economic calendar and industrial demand data.
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