Silver ($XAG) Commodity Forecast: Down 5.0% Today

What is Silver?

Silver is a precious metal valued for various uses including jewelry, coins, and industrial purposes. It is often sought after as a safe-haven asset during economic uncertainties.

Why is Silver going down?

XAG commodity is down 5.0% on Apr 21, 2026 19:46

• Silver prices dropped below $77 per ounce influenced by factors such as a stronger dollar, uncertainties related to US-Iran discussions, and concerns about inflation triggered by the rise in oil prices.
• Ongoing tensions in the Middle East, coupled with warnings from President Trump regarding possible military actions against Iran, have increased geopolitical risks and diminished the demand for precious metals like silver.
• Despite a slight stabilization around $80 per ounce just before the US-Iran talks, the general downward trend in silver prices persists, showing a decrease of approximately 15% since the beginning of the conflict.
• A sudden 5.01% uptick in silver prices to $82.338 per troy ounce could be a short-term fluctuation or a response to unforeseen market dynamics, suggesting the need for caution in interpreting it as a reversal of the bearish trend.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Falls Below $77

Silver prices extended losses to below $77 an ounce on Tuesday, hitting the lowest level in about a week, pressured by a stronger dollar as investors weighed uncertainty around US–Iran talks and the Senate confirmation hearing of Federal Reserve Chair nominee Kevin Warsh. It remains unclear whether Iran will join the US for a second round of negotiations ahead of Wednesday’s ceasefire deadline, while the Strait of Hormuz continues to be largely shut. Meanwhile, rising oil prices have reignited inflation concerns, lifting both the dollar and Treasury yields and weighing further on bullion. In addition, Kevin Warsh advocated a new framework for the Fed to deal with persistent inflation, while failing to offer further details. Since the Iran war began, silver has plunged over 15%, as geopolitical risks clash with resilient US consumer activity and the Fed’s cautious policy stance.

Silver Remains Below $79

Silver remained under pressure below $79 an ounce on Tuesday, as investors weighed potential US-Iran negotiations against escalating tensions. US President Donald Trump warned he "expects to be bombing" Iran once the ceasefire expires on Wednesday, while still suggesting Tehran could secure a "great deal" if it engages in Pakistan talks, despite Iran’s denial of participation. The Middle East conflict has sparked a historic energy supply shock, driving inflation concerns and increasing expectations of central bank rate hikes, which have weakened demand for precious metals. Adding to the pressure, strong US economic data reduced safe-haven appeal: retail sales jumped 1.7% in March, the most in a year, with widespread gains likely supported by larger-than-usual tax refunds. Since the Iran war began, silver has plunged over 15%, as geopolitical risks clash with resilient US consumer activity and the Federal Reserve’s cautious policy stance.

Silver Steadies Ahead of US-Iran Talks

Silver steadied near $80 an ounce on Tuesday after coming under pressure in the previous session, as investors looked ahead to a second round of negotiations between the US and Iran before their two-week ceasefire expires this week. Vice President JD Vance is expected to lead the US delegation in Pakistan once again, while Iran is also reportedly preparing to send representatives, reversing earlier signals that it would not join further negotiations. Meanwhile, President Donald Trump said he is unlikely to extend the existing truce if no agreement is reached before its expiration, adding that the Strait of Hormuz will remain closed until a deal is secured. The Middle East conflict has triggered a historic energy supply shock that heightened inflationary risks and raised the likelihood of central bank rate hikes, which have weighed on precious metals. Still, silver remains down about 15% since the Iran war began.

Silver Falls on Renewed Hormuz Tensions

Silver dropped nearly 2% toward $79 an ounce on Monday, trimming gains from the previous week as renewed hostilities in the Strait of Hormuz drove oil prices sharply higher, intensifying inflation concerns. In the latest escalation, President Donald Trump said the US Navy fired on and seized an Iranian-flagged cargo vessel in the Gulf of Oman after it ignored warnings to halt while departing Hormuz. Tehran also targeted ships and reasserted control over the Strait, arguing that the US blockade on Iran-linked vessels breached the ceasefire agreement. Meanwhile, Trump indicated there was still an opportunity for a deal ahead of another round of talks in Pakistan, although Iran sees little prospect for an agreement. The prolonged conflict has sparked a historic energy supply shock, heightening inflation risks and raising the likelihood of further central bank rate hikes, which weighed on precious metals. The white metal remains down about 15% since the war began.

Silver is up by 5.01%

Silver increased 5.01% to 82.338 USD/t.oz

Trending Today

Optimism ($OP) Crypto Forecast: Up 5.1% Today

Sunrun Inc. ($RUN) Stock Forecast: Up 5.1% Today

T-Mobile US Inc. ($TMUS) Stock Forecast: Down 8.2% Today

PVH Corp. ($PVH) Stock Forecast: Down 5.1% Today

ARM Holdings plc ($ARM) Stock Forecast: Up 10.6% Today

Gasoline ($GASOLINE) Commodity Forecast: Up 5.6% Today

United Continental Holdings Inc. ($UAL) Stock Forecast: Down 7.3% Today

Equifax Inc. ($EFX) Stock Forecast: Down 6.0% Today

Bitcoin ($BTC) Crypto Forecast: Up 5.2% Today

Intuitive Surgical Inc. ($ISRG) Stock Forecast: Up 6.9% Today

Silver Price History

17.03.2026 - XAG Commodity was up 5.1%

• Silver surged above $80 an ounce as optimism surrounding US-Iran diplomacy and hopes for a permanent ceasefire agreement fueled investor sentiment.
• Potential peace talks and progress in negotiations between the two nations eased concerns over inflation and central bank rate hikes, boosting the appeal of precious metals like silver.
• The ongoing closure of the Strait of Hormuz, coupled with geopolitical tensions and supply challenges, have contributed to the recent price volatility in silver.
• The weakening dollar, retreat in oil prices, and a more dovish stance from the Federal Reserve have also supported the upward momentum of silver, despite lingering uncertainties in the global economy.

02.03.2026 - XAG Commodity was down 5.0%

• Silver prices plummeted over 3% as the US dollar strengthened following remarks on the Middle East conflict, making dollar-denominated assets like silver less attractive.
• The escalating conflict in the Middle East, particularly the disruption in energy markets due to the blockade of the Strait of Hormuz, intensified inflation concerns, leading investors and central banks to adopt a more hawkish stance on interest rates.
• Despite some temporary rebounds, silver remains on track for its worst monthly performance since 2011, with a decline of over 20% in March, reflecting the persistent pressure from the oil-driven inflation shock and the dominant safe-haven status of the US dollar.

02.03.2026 - XAG Commodity was down 5.1%

• Silver prices plunged due to a rising US dollar and oil prices following President Trump's escalation of attacks on Iran, fueling inflation concerns and shifting market expectations towards unchanged Federal Reserve policy.
• The safe-haven surge of the US dollar, coupled with the lack of a clear end date for the Middle East conflict, pressured precious metals like silver, which had already seen a significant decline since the conflict erupted.
• Despite paring some losses on Wednesday, silver struggled to maintain gains as geopolitical tensions and shifting signals in the Middle East continued to impact the market, with the metal remaining well below its record highs.
• The rebound in silver prices on the first trading day of April was supported by hopes of easing Middle East tensions, but the metal still faced its worst month since 2011, reflecting disrupted energy markets and rising inflation concerns that led to a more hawkish stance from investors and central banks.

14.03.2026 - XAG Commodity was up 5.0%

• The positive market momentum is linked to signals from the US and Iran regarding possible talks, which have the potential to lead to sustained peace and alleviate fears of a global energy crisis.
• The prospect of negotiations and optimistic outlook for a peaceful resolution have fostered a more positive investor outlook, fueling interest in silver as a safe-haven investment.
• Despite these recent gains, silver remains down by approximately 20% since the conflict onset, underscoring persistent market fluctuation and uncertainty related to geopolitical circumstances.

14.03.2026 - XAG Commodity was up 5.2%

• Silver prices rose by 5% to reach $79 per ounce in a strong bullish movement.
• Progress in US-Iran negotiations weakened the dollar and pushed oil prices below $100 a barrel, easing inflation concerns, driving the market movement.
• The positive market sentiment was boosted by the willingness of both the US and Iran to extend discussions beyond the current truce deadline for a longer-term ceasefire.
• Despite the recent price recovery, silver remains about 20% below its pre-conflict levels, highlighting ongoing uncertainty and volatility surrounding geopolitical events.

14.03.2026 - XAG Commodity was up 6.8%

• Silver surged to $79 per ounce, marking a nearly 5% increase, as progress in US-Iran talks weakened the dollar and pushed oil prices below $100 a barrel, alleviating inflation concerns and reducing rate hike fears.
• The willingness of both US and Iranian officials to resume negotiations for a longer-term ceasefire before the current truce deadline contributed to the positive sentiment, with hopes for a potential lasting deal driving oil prices lower and easing inflationary pressures.
• Despite the rebound, silver remains around 20% below its pre-conflict levels, reflecting the volatility and uncertainty surrounding the geopolitical situation and its impact on global markets.
• The market sentiment towards silver was also influenced by expectations of earlier and deeper US interest rate cuts, reinforcing demand for non-yielding assets like precious metals amidst the evolving geopolitical landscape.

08.03.2026 - XAG Commodity was up 6.4%

• Silver prices surged over 5% to reach $76.70 per ounce, marking the highest level since March 18, as the US-Iran ceasefire agreement alleviated inflation concerns and prompted investors to adjust their interest rate outlook for 2026.
• President Trump's decision to delay planned strikes on Iran for two weeks to finalize negotiations on a potential resolution to the conflict further boosted silver prices, with the metal jumping more than 4% to above $76 per ounce.
• The temporary ceasefire and reopening of the Strait of Hormuz, coupled with a 10-point negotiation framework between the US and Iran, provided a sense of stability in the market, driving silver's bullish momentum.
• Despite recent fluctuations and the ongoing geopolitical tensions, silver's role as a safe haven asset and hedge against inflation has been reinforced, leading to its significant price increase today.

08.03.2026 - XAG Commodity was up 5.9%

• Silver's price climbed over 4%, surpassing $76 per ounce, following President Trump's decision to delay strikes on Iranian civilian infrastructure for two weeks. This delay was aimed at finalizing discussions for a potential resolution to the conflict.
• Additionally, the metal's upward movement was bolstered by Iran's agreement to temporarily reopen the Strait of Hormuz, alleviating regional tensions.
• The positive momentum in the silver market was strengthened by a weakening US dollar and decreased expectations of Federal Reserve rate cuts, heightening the attractiveness of safe-haven assets such as silver.
• In summary, the postponement of military actions and indications of diplomatic progress contributed to the optimistic market sentiment towards silver, resulting in a substantial price surge.

21.03.2026 - XAG Commodity was down 5.0%

• Silver prices dropped below $77 per ounce influenced by factors such as a stronger dollar, uncertainties related to US-Iran discussions, and concerns about inflation triggered by the rise in oil prices.
• Ongoing tensions in the Middle East, coupled with warnings from President Trump regarding possible military actions against Iran, have increased geopolitical risks and diminished the demand for precious metals like silver.
• Despite a slight stabilization around $80 per ounce just before the US-Iran talks, the general downward trend in silver prices persists, showing a decrease of approximately 15% since the beginning of the conflict.
• A sudden 5.01% uptick in silver prices to $82.338 per troy ounce could be a short-term fluctuation or a response to unforeseen market dynamics, suggesting the need for caution in interpreting it as a reversal of the bearish trend.

07.03.2026 - XAG Commodity was up 5.2%

• Silver experienced a strong bullish movement due to escalating tensions between the US and Iran, marked by President Trump's ultimatums and warnings of military action.
• Despite the unrest, silver prices remain under pre-war levels, influenced by a stronger US dollar and diminishing expectations of Federal Reserve rate cuts.
• The metal's safe-haven reputation has been affected by rising energy prices, leading to concerns about stagflation and liquidations in other sectors, contributing to the bullish trend in silver prices.
• Investors are closely monitoring geopolitical events and central bank policies, significant factors influencing silver price movements amid the ongoing US-Iran conflict.

15.03.2026 - XAG Commodity was up 5.6%

• Silver hit a 4-week high, reaching $79.67 per ounce, driven by optimism surrounding US-Iran peace talks and the potential for a resolution to the conflict, which eased inflation concerns and weakened the dollar.
• The progress in negotiations between the US and Iran, along with the possibility of a ceasefire, led to a surge in silver prices by nearly 5%, with the dollar index slipping to a six-week low and crude oil prices falling below $90 per barrel, further supporting the precious metal.
• The market sentiment shifted towards a more dovish stance on monetary policy, with the Federal Reserve adopting a wait-and-see approach, as investors reassessed inflation risks and the likelihood of rate hikes, contributing to the bullish movement in silver prices.
• Despite the recent rally, silver remains below its pre-conflict levels, indicating that ongoing geopolitical developments and macroeconomic factors continue to influence its price movements.

31.02.2026 - XAG Commodity was up 5.3%

• Silver surged above $70 per ounce following a moderation in oil prices, yet it is facing a significant decline of over 20% for the month, marking its worst performance since 2011.
• The ongoing conflict in the Middle East, including Iran's disruptions to the Strait of Hormuz, has disrupted global energy markets, heightened inflation fears, and spurred a more assertive posture on interest rates by investors and central banks.
• Despite some positive sentiment regarding diplomatic initiatives to address the conflict, silver remains sensitive to supply constraints and geopolitical strains, with the metal currently down almost 30% from its peak in March.
• The uncertainty in the market surrounding the Iran conflict, combined with the repercussions of escalating energy costs on inflation and interest rate outlooks, are exerting downward pressure on silver prices, underscoring the metal's susceptibility to geopolitical developments and broader economic indicators.