Silver ($XAG) Commodity Forecast: Up 5.4% Today

What is Silver?

Silver, a precious metal known for its use in jewelry, silverware, and investment, experienced a strong bullish movement in the market today. The price of silver surged to new record highs, reaching $100 per ounce, driven by a combination of factors including a weakening US dollar, geopolitical tensions, and robust investor demand.

Why is Silver going up?

XAG commodity is up 5.4% on Jan 23, 2026 16:35

• Silver broke the $100 mark and hit fresh all-time highs due to a weakening dollar, geopolitical uncertainties, and broader economic concerns, leading investors to seek refuge in precious metals.
• Expectations of the Federal Reserve maintaining current interest rates and potential future rate cuts added to the positive momentum in silver prices.
• The market saw a historic short squeeze, heightened retail purchasing, and stricter export controls from China contributing to supply worries and boosting silver's upward trajectory.
• While there was a slight retreat post the US GDP data showing economic resilience, silver's upward trend persists due to ongoing physical market tightness and sustained global supply deficits for the fourth year in a row.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Breaks $100

Silver surged to $100 per ounce for the first time, buoyed by a softer US dollar, persistent geopolitical tensions, and broader economic uncertainty. The greenback came under pressure amid shifting US–Europe geopolitical dynamics surrounding Greenland, alongside growing investor unease that Europe could leverage its sizeable holdings of US assets as a strategic tool. Meanwhile, the Federal Reserve is widely anticipated to leave interest rates unchanged at its meeting next week, reflecting continued signs of economic resilience. However, markets are still pricing in two rate cuts later this year, a view that could gain further traction as President Donald Trump moves closer to selecting the next Fed chair following interviews with potential candidates. Beyond macro forces, silver’s rally has been amplified by a historic short squeeze, robust retail investor demand, and China’s tightening export controls, all of which have intensified supply concerns and added momentum to the move.

Silver Hits Fresh All-Time High

Silver jumped nearly 3% toward $99 per ounce on Friday, reaching new record highs as a weakening dollar provided additional support to the rally in precious metals. Investors sought real assets as the dollar suffered from shifting US-Europe geopolitical dynamics over Greenland and growing concerns that Europe could weaponize its substantial US asset holdings. Meanwhile, the US Federal Reserve is widely expected to keep interest rates unchanged next week, supported by signs of a resilient economy, though markets continue to price in two potential rate cuts later this year. President Donald Trump is expected to select the next Fed chair after completing interviews with candidates, with a more dovish appointee likely strengthening expectations for further easing. The rally in silver has also been fueled by a historic short squeeze and strong retail buying, as well as China's tightening export controls.

Silver Hits All-time High

Silver increased to an all-time high of 95.92 USD/t.oz. Over the past 4 weeks, Silver gained 34.04%, and in the last 12 months, it increased 214.4%.

Silver Pushes New Highs

Silver rebounded past $95.5 per ounce to fresh records on Thursday, as investors reassessed resilient US growth alongside signs that inflation pressures remain contained. While the upward revision to Q3 GDP growth to 4.4% reinforced the view that the economy remains strong and reduced the urgency for near term policy easing, recent inflation data signaled steady disinflation rather than renewed overheating, helping stabilize expectations around future policy restraint. That balance limited downside pressure from growth resilience and allowed silver to recover, even as easing geopolitical rhetoric around Greenland tempered immediate safe haven demand. President Donald Trump stepped back from tariff threats and ruled out the use of force, though uncertainty lingered as Denmark rejected negotiations and European lawmakers paused approval of the EU US trade agreement. Silver continues to benefit from persistent physical tightness, with a fourth consecutive year of global supply deficits.

Silver Pares Gains After US GDP

Silver hovered around $93.5 per ounce on Thursday, paring recent gains after failing to sustain a rebound toward record highs, as the latest US GDP data underscored an economy that remains resilient and reduced the need for urgent policy easing. The upward revision to Q3 growth to 4.4% reinforced expectations that restrictive conditions may persist, increasing the opportunity cost of holding non yielding assets and capping near term upside for silver. Earlier, geopolitical risks eased modestly after President Donald Trump stepped back from tariff threats linked to Greenland and ruled out the use of force, although uncertainty lingered as Denmark rejected negotiations and European lawmakers paused approval of the EU US trade agreement. Despite these headwinds, silver continues to draw support from persistent physical tightness, with the market facing a fourth consecutive year of global supply deficits.

Trending Today

Internet Computer ($ICP) Crypto Forecast: Down 5.0% Today

Quidelortho Corpoation ($QDEL) Stock Forecast: Down 7.7% Today

Mobileye Global ($MBLY) Stock Forecast: Down 7.0% Today

Plug Power Inc. ($PLUG) Stock Forecast: Down 5.4% Today

Moderna Inc. ($MRNA) Stock Forecast: Down 10.7% Today

Intel Corporation ($INTC) Stock Forecast: Down 17.6% Today

Live Nation Entertainment Inc. ($LYV) Stock Forecast: Up 4.9% Today

Sonos Inc. ($SONO) Stock Forecast: Down 5.2% Today

Capital One Financial Corporation ($COF) Stock Forecast: Down 8.0% Today

Leggett & Platt Incorporated ($LEG) Stock Forecast: Down 5.2% Today

Silver Price History

14.00.2026 - XAG Commodity was up 6.7%

• Silver surged to new record highs above $89 per ounce as investors flocked to safe-haven assets amidst geopolitical tensions and concerns over the independence of the US Federal Reserve.
• Expectations of further Fed rate cuts, robust investment flows, strong industrial demand, and a multi-year supply deficit all contributed to the bullish outlook for silver.
• Tariff uncertainties, silver's critical mineral designation in the US, and tight liquidity in the London market added further support to the price rally.
• The combination of these factors, along with renewed trade fears, protests in Iran, and softer US inflation data, propelled silver to fresh highs, highlighting its appeal as a hedge against economic uncertainties and inflationary pressures.

23.00.2026 - XAG Commodity was up 6.3%

• Silver surged to new all-time highs, nearing $99 per ounce, driven by a weakening dollar and increased demand for real assets amidst shifting geopolitical dynamics.
• The rally in silver was further fueled by a historic short squeeze, strong retail buying, and export controls from a major economy, highlighting the metal's appeal as a safe haven asset in times of uncertainty.
• Statements from a notable political figure easing fears of a deeper geopolitical and trade dispute contributed to a pullback in silver prices, but the market remains sensitive to renewed stress in currencies, sovereign debt, or trade policy, given the persistent physical tightness and global supply deficits in the silver market.

14.00.2026 - XAG Commodity was up 5.0%

• Silver surged to record highs above $87 per ounce as softer US inflation data eased concerns of tighter monetary policy, leading investors to flock towards safe-haven assets like precious metals.
• The bullish momentum was further fueled by geopolitical tensions, including US Federal Reserve independence concerns and escalating protests in Iran, along with President Trump's announcements of tariffs and potential interventions in various regions.
• Market participants closely monitored US interest rate cut expectations and geopolitical risks, with the combination of these factors driving demand for silver as a hedge against uncertainty and inflation, ultimately propelling the metal to fresh record highs.

14.00.2026 - XAG Commodity was up 7.2%

• Silver soared to new record highs above $89 per ounce, driven by various factors:
• Geopolitical tensions and concerns regarding the independence of the US Federal Reserve increased the safe-haven appeal of silver.
• Expectations of more Fed rate cuts, limited supply, and strong industrial demand from sectors like clean energy and AI contributed to the upward trend.
• Uncertainties surrounding tariffs and silver being classified as a critical mineral in the US further supported its price.
• The market shift can be attributed to a mix of macroeconomic factors, including softer US inflation data, concerns about potential tightening of policy easing, and safe-haven flows triggered by DOJ investigations and tariff updates.
• Silver's surge to fresh record highs was also driven by speculation on US interest rate reductions, growing geopolitical tensions (notably with Iran), and the possibility of additional Fed rate cuts following lower-than-expected job growth data.

14.00.2026 - XAG Commodity was up 5.2%

• Silver surged above $92 per ounce, hitting fresh highs as markets weighed easing inflation signals against persistent macro and political risks, reinforcing expectations of future Federal Reserve rate cuts.
• Strong retail sales and robust investment flows, coupled with tight supply conditions and steady industrial demand linked to clean energy technologies, contributed to the metal's upward momentum.
• Concerns over the US Federal Reserve's independence, geopolitical tensions, and trade fears, including President Trump's tariff threats on countries trading with Iran, further bolstered demand for safe-haven assets like silver.
• The combination of these factors, along with the ongoing structural deficit in the silver market and liquidity constraints in London, propelled silver to new record highs, showcasing its resilience in the face of global uncertainties.

13.00.2026 - XAG Commodity was up 5.1%

• Silver reached fresh record highs above $85 per ounce, driven by concerns over the US Federal Reserve's independence, geopolitical tensions in Iran, and trade fears, which increased demand for safe-haven metals.
• The ongoing protests in Iran, President Trump's statements on annexing Greenland, and the threat of tariffs on countries doing business with Iran added to the positive sentiment for silver.
• Investors closely tracked US interest rate cut bets and geopolitical risks, with the market reflecting expectations for Fed rate cuts, strengthening demand for precious metals like silver.
• Weaker US job creation data, expectations for Fed rate cuts, and geopolitical risks surrounding Venezuela and East Asia all contributed to the bullish movement in silver prices, despite some profit-taking and index rebalancing activities.

08.00.2026 - XAG Commodity was down 5.1%

• Silver prices declined by over 5% to $77 per ounce as bullish momentum from earlier in the week diminished, impacted by a stronger dollar and uncertainty surrounding the Federal Reserve's policy outlook.
• Investors engaged in profit-taking following a recent surge in silver prices, and tensions in Venezuela and between China and Japan also played a role in the price decline.
• Despite the bearish movement, silver remains near all-time highs due to factors such as supply constraints, strong demand from industrial uses and investments, and continuing safe-haven demand amid geopolitical uncertainties.

23.00.2026 - XAG Commodity was up 5.4%

• Silver broke the $100 mark and hit fresh all-time highs due to a weakening dollar, geopolitical uncertainties, and broader economic concerns, leading investors to seek refuge in precious metals.
• Expectations of the Federal Reserve maintaining current interest rates and potential future rate cuts added to the positive momentum in silver prices.
• The market saw a historic short squeeze, heightened retail purchasing, and stricter export controls from China contributing to supply worries and boosting silver's upward trajectory.
• While there was a slight retreat post the US GDP data showing economic resilience, silver's upward trend persists due to ongoing physical market tightness and sustained global supply deficits for the fourth year in a row.

12.00.2026 - XAG Commodity was up 5.0%

• Silver rallied to fresh record highs of over $83 per ounce today, driven by bets on US interest rate cuts and geopolitical tensions in Iran, which bolstered demand for safe-haven metals.
• The weaker-than-expected US job creation data reinforced expectations for Fed rate cuts, triggering renewed demand for precious metals like silver.
• Despite a recent slip due to index rebalancing and profit-taking, silver's bullish momentum was supported by supply constraints, robust demand, and ongoing geopolitical risks, sustaining its close proximity to all-time highs.
• Silver's price movement today was influenced by a combination of factors, including economic data, geopolitical developments, and market expectations regarding monetary policy, highlighting the metal's role as a hedge against uncertainty in the current market environment.

22.00.2026 - XAG Commodity was up 5.3%

• Silver surged to an all-time high of $95.92 per ounce, marking a significant increase over the past weeks and months, showcasing its attractiveness to investors seeking safe-haven assets.
• The market movement was influenced by a combination of factors including resilient US economic growth, contained inflation pressures, easing geopolitical tensions, and persistent physical tightness in the silver market.
• President Trump's statements ruling out military force and tariff threats, along with geopolitical developments related to Greenland and trade agreements, played a role in the temporary pullbacks witnessed in silver prices.
• Despite the retreats from record highs, silver's ongoing support from global supply deficits and sensitivity to currency, debt, and trade policy stress indicate continued volatility and potential for further price fluctuations in the near term.

09.00.2026 - XAG Commodity was up 5.2%

• Silver increased by 5.05% to $80.44 per ounce in a strong bullish movement observed today.
• The bullish momentum was fueled by profit-taking and index rebalancing, as investors positioned themselves ahead of major commodity index adjustments.
• Despite recent pullbacks in prices due to profit-taking and mechanical selling by passive funds, silver remains near all-time highs, supported by supply constraints and strong demand from industrial applications and investment flows.
• Ongoing geopolitical developments, such as US intervention in Venezuela and tensions between China and Japan, continue to support the underlying safe-haven demand for silver, further boosting its price.

09.00.2026 - XAG Commodity was up 5.3%

• Silver surged over 1.5% to above $78.2 per ounce as weaker-than-expected US job creation data reinforced expectations for Fed rate cuts, triggering renewed demand for precious metals.
• The bullish momentum in silver was further supported by geopolitical risks around Venezuela and East Asia, although the primary driver was the repricing of US rates, with thin liquidity amplifying the upside move.
• The recent bearish movements in silver, including a 5% drop and profit-taking sessions, were influenced by index rebalancing, mechanical selling by passive funds, and profit booking after a strong rally towards record highs.
• Overall, the fluctuating movements in silver were a result of a delicate balance between economic data, monetary policy expectations, geopolitical developments, and investor sentiment towards safe-haven assets.