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
0.20 pips
SIZ26 (Dec '26)
Dec 2026
0.84 pips
SIH27 (Mar '27)
Mar 2027
1.88 pips
SIM27 (Jun '27)
Jun 2027
2.55 pips
Marginal Data XAGUSD
Margin
$28932
2026-07-30
Point Cost
$50.00
per 1 pp
Points
579 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 | -7.167 M | 5.131 M | 2.010 M | ▲ |
| 29.07 21:00 | Fed Interest Rate Decision | USD | 3.75% | 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
61.49334
61.49334
R2
60.37467
60.37467
R1
58.97734
58.97734
Pivot
57.85867
57.85867
S1
56.46134
56.46134
S2
55.34267
55.34267
S3
53.94534
53.94534
🔴 Close (57.58) below Pivot (57.85867). Bears in control on Open 30.07.2026
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
30.07.2026
How the Iranian Economy Actually Works
After the Iranian Revolution of 1979, the country's new leaders — religious and political — promised to redistribute the country's wealth and made moves to make Iran independent from western influence and business interests. In the decades since, Iran's economy completely transformed, and it is clos...
30.07.2026
How the Iranian Economy Actually Works
The revolution changed everything.
30.07.2026
Odd Lots: How the Iranian Economy Actually Works (Podcast)
After the Iranian Revolution of 1979, the country’s new leaders — religious and political — promised to redistribute the country’s wealth and made moves to make Iran independent from western influence and business interests. In the decades since, Iran’s economy completely transformed, and it is clos...
30.07.2026
US-Iran Talks ‘Ongoing’ to Normalize Situation, Pakistan Says
The negotiations between the US and Iran are “ongoing” to restore stability, particularly in the Strait of Hormuz, Pakistan’s Foreign Ministry spokesperson Tahir Andrabi said at a weekly briefing in Islamabad.
30.07.2026
Saudi Economy Shrinks Most Since 2020 as War Roils Oil Exports
Saudi Arabia’s economy saw its sharpest quarterly contraction since the Covid-19 pandemic, as the US-Israeli war against Iran poses challenges to the vital oil industry.
30.07.2026
Kevin Warsh Sparks Bond Rout After Fed Decision; US Strikes Iran Again | Daybreak Europe 7/30/2026
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today'...
30.07.2026
US Launches New Wave of Attacks Against Iran
The US retaliated against Iranian strikes on American forces with a fresh wave of attacks, hitting dozens of targets in a two-hour operation aimed at degrading Tehran’s ability to threaten American forces, its Arab allies and commercial shipping in the region, according to a US Central Command post ...
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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