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
SIZ26 (Dec '26)
Dec 2026
0.49 pips
SIH27 (Mar '27)
Mar 2027
1.14 pips
SIM27 (Jun '27)
Jun 2027
2.52 pips
SIU27 (Sep '27)
Sep 2027
3.33 pips
Marginal Data XAGUSD
Margin
$31757
2026-09-15
Point Cost
$50.00
per 1 pp
Points
635 pp
margin / cost
Economic Calendar (High Impact Events) XAG/USD
Current Week (14.09–20.09)
| Time | Event | Cur. | Actual | Forecast | Prev. | Eff. |
|---|---|---|---|---|---|---|
| 16.09 15:30 | Retail Sales m/m | USD | 0.3% | -0.6% | — | |
| 16.09 15:30 | Core Retail Sales m/m | USD | 0.5% | -0.3% | — | |
| 16.09 17:30 | EIA Crude Oil Stocks Change | USD | 6.729 M | -0.391 M | — | |
| 16.09 21:00 | Fed Interest Rate Decision | USD | 3.75% | — | ||
| 16.09 21:30 | FOMC Press Conference | USD | — | |||
| 17.09 15:30 | Philadelphia Fed Manufacturing Index | USD | 19.5 | 47.4 | — | |
| 17.09 15:30 | Initial Jobless Claims | USD | 199 K | 206 K | — |
🎯 Key Levels (Pivot Points) SILVER
R3
66.45334
66.45334
R2
65.45467
65.45467
R1
64.32434
64.32434
Pivot
63.32567
63.32567
S1
62.19534
62.19534
S2
61.19667
61.19667
S3
60.06634
60.06634
🔴 Close (63.194) below Pivot (63.32567). Bears in control on Open 15.09.2026
Latest Analysis Threads XAGUSD
- SILVER Forecast for August 31, 202631.08.2026
- Silver Market Forecast for August 11, 202611.08.2026
- 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
Latest News SILVER
15.09.2026
Canada's Carney Expands Tax Breaks for Most New Capital Investing
Canadian Prime Minister Mark Carney says the government is expanding the scope of a major investment tax write-off to include oil and gas pipelines, mining property, and more. He made the announcement at an investment summit in Toronto. (Source: Bloomberg)
15.09.2026
Merz Calls for Trade Tools to Fight ‘Unfair’ China Competition
Chancellor Friedrich Merz said that Germany will support tough new measures against China’s “unfair” trade practices at a meeting of European Union leaders next month.
15.09.2026
LNG Buyers Look to US to Hedge Future Risk of Hormuz Disruption
Liquefied natural gas buyers are accelerating discussions to buy more fuel from the US as the Iran war and turmoil over the Strait of Hormuz forces them to seek alternatives to suppliers in the Middle East.
15.09.2026
Russia Boosts Oil Exports as Middle East War Sends Prices Soaring
Crude shipments jumped the most since May as strikes on Saudi infrastructure drove up oil prices
15.09.2026
China and US Discuss Cutting Tariffs on Agriculture and Energy
The US and China are discussing slashing tariffs on certain goods, including on American energy and agricultural shipments — a potential sign the leaders’ summit next week will lead to an extension of the one-year trade truce.
15.09.2026
Iran Squeezing Saudi Oil on East and West, Schork Says
Stephen Schork, principal and editor at The Schork Group, explains Iran’s expanded control of Middle East oil flows and says the US strategic petroleum reserve “will be drawn down, by November, to its operational limits.” (Source: Bloomberg)
15.09.2026
Carney Expands Business Tax Break to Broad Range of Investments
Prime Minister Mark Carney is expanding the scope of a major investment tax write-off, adding oil and gas pipelines, mining property and more to the list of assets eligible for accelerated deductions in Canada.
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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