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
0.52 pips
SIH27 (Mar '27)
Mar 2027
1.33 pips
SIM27 (Jun '27)
Jun 2027
0.86 pips
SIU27 (Sep '27)
Sep 2027
1.69 pips
Marginal Data XAGUSD
Margin
$31618
2026-09-16
Point Cost
$50.00
per 1 pp
Points
632 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 | 1.2% | 0.3% | -0.5% | ▲ |
| 16.09 15:30 | Core Retail Sales m/m | USD | 1.4% | 0.5% | -0.2% | ▲ |
| 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
65.583
65.583
R2
64.754
64.754
R1
64.197
64.197
Pivot
63.368
63.368
S1
62.811
62.811
S2
61.982
61.982
S3
61.425
61.425
🟢 Close (63.64) above Pivot (63.368). Bulls in control on Open 16.09.2026
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
16.09.2026
Iran’s Rare Win Over US Sets Up Clash at UN Nuclear Agency
Iran this week scored a diplomatic win at the UN’s atomic watchdog by securing a seat at the group’s organizing committee over US objections. That’s set to raise further hurdles for diplomacy on nuclear power.
16.09.2026
China Considers BYD to Join Xi’s CEO Entourage for Trump Summit
Chinese officials are considering BYD Co. for a possible business delegation joining Xi Jinping’s summit with Donald Trump next week in Washington, according to people familiar with the matter.
16.09.2026
Mamdani’s Consumer Cop Uses Companies’ Data to Police Them
New York City is hiring dozens of sophisticated sleuths to sift companies’ own data for evidence that they might be ripping off consumers.
16.09.2026
US Retail Sales Rise 1.2% in August After Dropping in July
US retail sales rose broadly in August showing that consumers are still spending despite higher gasoline prices. Twelve of 13 retail categories reported increases, boosted by back-to-school shopping. Sales were up by 1.2% beating the estimate of 0.8%. Bloomberg's Michael McKee reports from Washington. (Source: Bloomberg)
16.09.2026
Consumers hit by one-two punch of oil and rates from Iran war. The estimated bill is $1,700 per household
Rising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.
16.09.2026
Pete Hegseth’s Main Character Energy Draws Bipartisan Critics
The defense chief faces increased criticism as the Iran war drags on and controversies mount.
16.09.2026
US and China trade truce and tariffs
The US and China are eyeing tariff cuts on goods including American energy and agricultural products ahead of the leaders’ summit next week.
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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