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
Surprise Iran Strike Rattles Global Markets, Sends Oil Higher | Insight with Haslinda Amin 7/29/2026
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
29.07.2026
Key Takeaways From Trump and Netanyahu's Meeting
US President Donald Trump welcomed Israeli Prime Minister Benjamin Netanyahu to the White House for talks on Tuesday. The Israeli prime minister pressed the US to ensure Iran never acquires nuclear weapons. Netanyahu was in Washington for the funeral of Senator Lindsey Graham, a longtime Iran hawk. ...
29.07.2026
UAE Presses Ahead With Persian Gulf LNG Exports Despite Tensions
Abu Dhabi National Oil Co. is pushing on with liquefied natural gas exports from its Persian Gulf plant, even as renewed hostilities in the region force producers to curb visible traffic through the Strait of Hormuz.
29.07.2026
Traders Weigh Renewed US-Iran Strikes, SK Hynix Earnings | The Asia Trade 7/29/2026
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global...
29.07.2026
US Intercepts Iran Attack on Bases, Puncturing Calm
The US said it intercepted an Iranian attack on military bases, ending a dayslong pause in fighting and increasing the risk of a return to full-blown war in the Middle East. Bloomberg's Abeer Abu Omar has the latest. (Source: Bloomberg)
28.07.2026
Senators Reach Bipartisan Deal on Russia, Iran Sanctions | Balance of Power: Late Edition 07/28/2026
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Evelyn Farkas, executive director of the McCain Institute, discusses the role the late Senator Lindsey Graham played in helping persuade President Trump to maintain support for Ukraine and ...
28.07.2026
Graham Was a Key Voice for Ukraine: Farkas
Evelyn Farkas, executive director of the McCain Institute, discusses the role the late Senator Lindsey Graham played in helping persuade President Trump to maintain support for Ukraine and other "front-line democracies." Farkas says passing tougher Russia sanctions would be the best tribute to Graha...
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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