Silver ($XAG) Commodity Forecast: Up 5.3% Today

What is Silver?

Silver, a precious metal known for its dual role as an industrial commodity and a safe-haven asset, experienced a strong bullish movement today amidst ongoing geopolitical tensions and market uncertainties.

Why is Silver going up?

XAG commodity is up 5.3% on Jan 6, 2026 5:35

• Silver surged above $78 per ounce, marking a third consecutive session of gains, driven by heightened geopolitical risks following the US attack on Venezuela and the capture of President Nicolas Maduro.
• The metal's rally was further supported by weaker-than-expected US manufacturing data, dovish comments from a key Federal Reserve official, and ongoing supply concerns, all contributing to increased demand for safe-haven assets like silver.
• With strong demand from both industrial use and investment flows, as well as supply constraints and geopolitical uncertainties, silver's bullish movement today reflects a combination of factors shaping its price trajectory in the current market environment.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Extends Rally

Silver rose above $78 per ounce on Tuesday, marking a third consecutive session of gains and moving toward record levels. The US attack on Venezuela and the capture of President Nicolas Maduro added a new layer of geopolitical risk, supporting demand for safe-haven metals. Reports also indicated that President Donald Trump threatened a second military action if Venezuela’s interim president, Delcy Rodriguez, did not comply with US demands. Investors further digested weaker-than-expected US manufacturing data and dovish comments from a key Federal Reserve official regarding labor market risks, while awaiting a series of US jobs reports this week. Despite this, markets currently price in over an 80% probability that the Fed will hold rates later this month. Silver’s rally is further underpinned by supply concerns and strong demand from both industrial use and investment flows.

Silver Rallies on Venezuela News

Silver rose nearly 4% toward $76 per ounce on Monday, extending gains from the previous session after the US attacked Venezuela and arrested President Nicolas Maduro over the weekend, heightening geopolitical risks boosting demand for safe-haven metals. President Trump said on Saturday that the US would “run” Venezuela until a proper political transition takes place, though Secretary of State Marco Rubio signaled that Washington has leverage to achieve its objectives without directly governing the country. Investors also focused on key US economic data this week, led by the December jobs report on Friday, for insights into the Federal Reserve’s policy direction. Last year, silver surged nearly 150% due to a combination of factors, including supply constraints, robust industrial and investment demand, and supportive macroeconomic conditions. China, which produces 60-70% of global refined silver, has also imposed export restrictions this year, exacerbating a structural deficit.

Silver Gains at 2026 Open

Silver climbed to around $73 per ounce on the first trading day of 2026, building on its strongest year on record. The precious metal surged 148% last year, breaking through several key levels, supported by its designation as a critical US mineral, tight supply conditions, low stockpiles, and strengthening industrial and investment demand. The rally has also been reinforced by the rollout of broad US trade tariffs and expectations of looser US monetary policy. Minutes from the FOMC’s December meeting, released earlier this week, showed growing openness to rate cuts if inflation continues to ease, although policymakers remain divided over the timing and scale. Geopolitics also continued to lift safe-haven appeal, as the US tightened restrictions on Venezuela’s oil exports and renewed Russia-Ukraine attacks over the New Year period damaged Black Sea ports and key energy infrastructure.

Silver Falls 5%, Still Posts Best Year Ever

Silver dropped more than 5% to $72 per ounce on Wednesday, retreating from a record high of $86.62 reached on Monday, as investors locked in year-end profits. Despite the pullback, the metal has surged more than 150% year-to-date, dramatically outperforming gold and positioning 2025 as its strongest year on record. Silver crossed several historic milestones this year, buoyed by its designation as a critical mineral in the US, persistent supply constraints, low inventories, and rising industrial as well as investment demand. Looking ahead, analysts expect silver to remain well supported by strong retail and institutional interest, its growing strategic importance, ongoing supply tightness, and expectations of further monetary easing by the US Federal Reserve in 2026.

Silver Pulls Back on Profit-Taking

Silver fell more than 5% to $72 per ounce on Wednesday, pulling back sharply from gains as investors cashed in on year-end profits. The metal recorded a notable rally in 2025, briefly exceeding $80 per ounce, underpinned by constrained supply and low inventories. Over the year, silver emerged as one of the strongest performing commodities, appreciating 162% and outperforming most major stock indices and currencies. Looking ahead, analysts anticipate that silver will continue to benefit from robust industrial and investment demand, particularly in the event of a decline in US interest rates in 2026. Tim Waterer, chief market analyst at KCM Trade, observed that both retail and institutional interest in metals remains robust, and that structural factors, including strategic significance and supply constraints, are expected to support the market despite short-term retracements.

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Silver Price History

29.11.2025 - XAG Commodity was up 7.0%

• Silver's bullish movement today can be attributed to the ongoing geopolitical uncertainty, with recent comments from political leaders and tensions in various regions driving safe-haven demand for the precious metal.
• The profit-taking pressure that caused a slight slide in silver prices earlier in the day was likely short-lived, as the metal quickly rebounded, showcasing the resilience of its upward trend.
• The overall positive outlook for silver, driven by factors such as speculative inflows, supply disruptions, central bank buying, and expectations of US rate cuts, continues to support its strong performance in the market.
• Despite occasional fluctuations, silver's upward trajectory in 2025, with significant gains and multiple record highs, reflects the enduring appeal of the metal as a valuable asset in times of economic and geopolitical uncertainty.

29.11.2025 - XAG Commodity was up 7.0%

• Silver slid over 3% today, likely due to profit-taking after a recent record high, geopolitical developments, and market expectations of US interest rate cuts.
• Despite the decrease, silver is still on track for significant gains in 2025, supported by various factors such as speculative inflows, supply disruptions, central bank buying, and market sentiment on future rate cuts.
• The recent volatility in silver prices can be attributed to a combination of geopolitical tensions, safe-haven demand, and investor concerns over currency debasement and global debt levels.
• Overall, the bullish trend in silver is driven by a structural supply deficit, strong industrial demand, and its status as a critical mineral in the US, amidst ongoing market uncertainties and expectations of monetary policy adjustments.

31.11.2025 - XAG Commodity was down 5.2%

• Silver fell over 5% to $72 per ounce as investors engaged in profit-taking, retreating from recent record highs, showcasing the volatility of the precious metal market.
• Despite the pullback, silver has surged over 150% year-to-date, outperforming other assets, driven by factors such as supply constraints, low inventories, and strong demand from both retail and institutional investors.
• The market movement was influenced by profit-taking activities, geopolitical tensions, and the anticipation of further monetary easing by the US Federal Reserve in 2026, highlighting the complex interplay of factors shaping silver's price dynamics.
• Analysts foresee silver continuing to be supported by robust demand and structural factors, such as supply tightness and its strategic importance, indicating a potential for future resilience in the market despite short-term fluctuations.

31.11.2025 - XAG Commodity was down 5.2%

• Silver fell over 5% to $72 per ounce due to profit-taking by investors, leading to a significant pullback from recent gains.
• Despite the retreat, silver had a remarkable year in 2025, appreciating 162% and outperforming major stock indices and currencies, supported by robust industrial and investment demand.
• Geopolitical tensions, such as the Russia-Ukraine conflict and US-Iran relations, added to market volatility, impacting silver prices.
• The market sentiment remains positive for silver, with analysts expecting continued support from structural factors like constrained supply and strong industrial demand, despite short-term retracements due to profit-taking and geopolitical uncertainties.

17.11.2025 - XAG Commodity was up 5.0%

• Silver reached an all-time high of $64.66 USD/t.oz, showing a notable 27.43% increase over the past 4 weeks and an impressive 120.36% rise in the last 12 months.
• The bullish trend was fueled by tightening inventories, strong industrial demand from sectors like solar, electric vehicles, and data centers, in addition to robust ETF inflows and retail buying.
• Profit-taking caused a slight dip below $63 per ounce as investors locked in profits post the record rally, with caution from analysts regarding stretched valuations compared to gold and potential impacts from US tariff exemptions.
• The Federal Reserve's rate cut and its less hawkish outlook offered medium-term support, while increasing lease rates and borrowing costs in London indicated ongoing delivery stress, underscoring the sturdy physical market conditions for silver.

17.11.2025 - XAG Commodity was up 5.1%

• Silver surged to new record highs around $66 per ounce, driven by a mixed US jobs report prompting investors to seek alternative assets for higher returns amidst risk management concerns.
• The metal's rally this year, up nearly 130% year-to-date, was supported by tightening inventories, robust retail and industrial demand, particularly from sectors like solar, electric vehicles, and data centers.
• Analysts cautioned about stretched valuations relative to gold and potential impacts from US tariff exemptions, but overall, the bullish sentiment was maintained by strong ETF inflows, retail buying, and expectations of a market deficit in the upcoming year.
• The Federal Reserve's rate cut and less hawkish outlook, along with ongoing delivery stress in physical silver markets, added to the factors influencing Silver's upward trajectory.

05.00.2026 - XAG Commodity was up 5.1%

• Silver rallied over 6% to above $76 per ounce, bouncing back from a significant selloff in the previous session, showcasing its resilience and investor interest in the metal.
• Geopolitical tensions, including the US actions in Venezuela and ongoing conflicts in Russia-Ukraine, contributed to the safe-haven appeal of silver, driving up demand for the precious metal.
• The strong performance of silver in 2025, with gains exceeding 150%, coupled with supply constraints, low inventories, and expectations of looser US monetary policy, have continued to support its upward trajectory in 2026.
• Despite short-term profit-taking actions by investors, the overall bullish sentiment towards silver remains intact, with analysts projecting further support from robust industrial and investment demand, ongoing supply tightness, and potential monetary easing by the Federal Reserve.

06.00.2026 - XAG Commodity was up 5.3%

• Silver surged above $78 per ounce, marking a third consecutive session of gains, driven by heightened geopolitical risks following the US attack on Venezuela and the capture of President Nicolas Maduro.
• The metal's rally was further supported by weaker-than-expected US manufacturing data, dovish comments from a key Federal Reserve official, and ongoing supply concerns, all contributing to increased demand for safe-haven assets like silver.
• With strong demand from both industrial use and investment flows, as well as supply constraints and geopolitical uncertainties, silver's bullish movement today reflects a combination of factors shaping its price trajectory in the current market environment.

30.11.2025 - XAG Commodity was up 5.1%

• Silver rebounded by 1.6% to $73 per ounce, recovering from a recent sharp pullback due to profit-taking and increased margin requirements on silver futures. Despite near-term volatility, silver continues to be supported by structural supply constraints and robust industrial demand.
• Geopolitical uncertainty, including peace talks between the US and Ukraine, as well as tensions in the Middle East and Venezuela, have contributed to silver's price swings. President Trump's comments on progress in negotiations with Ukrainian President Zelenskiy added to market uncertainty.
• Silver's recent rally to a new high of $74.8 per ounce was driven by elevated investor sentiment, expectations of US interest rate cuts, concerns over global supply disruptions, and central bank purchases. The metal's significant gains have been fueled by speculative inflows and lingering supply disruptions, among other factors.

30.11.2025 - XAG Commodity was up 5.3%

• Silver surged over 6% today, rebounding strongly after a significant selloff in the previous session, driven by profit-taking and geopolitical uncertainties.
• The rebound in silver prices was supported by robust industrial demand, persistent supply constraints, and continued inflows into ETFs, despite holiday-thinned liquidity and stricter margin requirements impacting short-term price gains.
• Geopolitical risks, including tensions in the Russia-Ukraine conflict and the US signaling potential action against Iran, contributed to the market movement, highlighting silver's role as a safe-haven asset during uncertain times.
• Silver's impressive performance in 2025, with gains of around 166%, showcases its resilience amid market fluctuations and investor interest in precious metals as a hedge against global uncertainties.

11.11.2025 - XAG Commodity was up 5.1%

• Silver soared to new record highs above $61 per ounce as markets reacted to the Federal Reserve's interest rate cut and Chair Powell's dovish remarks, reducing the opportunity cost of holding the metal.
• The ongoing supply squeeze, driven by robust demand from industries like solar energy, electric vehicles, and data infrastructure, coupled with tightening physical market conditions, contributed to the rally in silver prices.
• Factors such as ETF inflows, spot buying, and structural industrial demand have fueled the surge in silver prices, while visible draws in benchmark stocks and constrained availability have amplified buying pressure.
• The combination of a dovish Fed stance, increasing industrial demand, and persistent supply deficits has created a perfect storm for silver, pushing it to all-time highs and highlighting the metal's value in a rapidly evolving global economy.

26.11.2025 - XAG Commodity was up 5.2%

• Silver surged to a new high, driven by ongoing geopolitical tensions and expectations of US interest rate cuts, boosting safe-haven demand.
• The rally was supported by concerns over disruptions in global supply, central bank purchases, and investor worries about currency debasement and rising global debt.
• Strong industrial demand, structural supply deficit, and silver's designation as a US critical mineral also contributed to its significant year-to-date increase of roughly 158%.
• Geopolitical developments, such as the US blockade on Venezuelan oil tankers, further reinforced silver's safe-haven status, while expectations of Federal Reserve easing and mixed economic indicators added to the bullish sentiment in the market.