Silver ($XAG) Commodity Forecast: Up 5.1% Today

What is Silver?

Silver, a precious metal known for its industrial and investment demand, experienced a bullish movement today in the market.

Why is Silver going up?

XAG commodity is up 5.1% on Apr 17, 2026 13:57

• 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.

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Silver Set for Fourth Weekly Gain

Silver held steady near $79 an ounce on Friday and was on track for a fourth consecutive weekly advance, as prospects for a permanent ceasefire agreement between the US and Iran helped ease concerns over inflation and central bank rate hikes. President Donald Trump said Tehran had agreed to terms including abandoning ambitions for a nuclear weapon, supplying “free oil,” and reopening the Strait of Hormuz, although Iranian officials have yet to verify these claims. Despite this, the Strait of Hormuz remains effectively closed under a dual blockade, while IMF Executive Director Fatih Birol cautioned that restoring a meaningful portion of disrupted oil and gas output could take up to two years. Even so, oil prices have retreated sharply amid growing optimism over a potential Iran deal, easing inflationary pressures and dampening expectations of further rate hikes. Silver is set to rise by about 4% this week and was nearly 30% above its March low.

Silver Gains on US-Iran Diplomacy Hopes

Silver climbed above $80 an ounce on Thursday, marching toward one-month highs as investors assessed the outlook for renewed negotiations and a potential long-term peace deal between the US and Iran that could help ease inflation pressures. Reports suggested Washington and Tehran are considering extending their two-week ceasefire to allow more time for talks, even as the Strait of Hormuz remains effectively closed under a dual blockade. Attention is now shifting to a possible second round of US-Iran discussions, expected to focus on reopening the strait and Iran’s nuclear enrichment program. Precious metals have drawn support in recent weeks as diplomatic progress in the Middle East reduced concerns over inflation and possible central bank tightening. However, silver remains nearly 15% lower since the conflict began.

Silver Nears One-Month High

Silver traded at $79.3 per ounce on Wednesday, near a one-month high, as investors weighed progress in US-Iran peace talks against lingering economic and supply challenges. Mediators reported advances in extending the ceasefire, though uncertainty persists after the US announced plans to deploy 10,000 more troops to the region. A weaker dollar, hovering near six-week lows, provided support for silver, while the Federal Reserve’s cautious approach to inflation has eased expectations of aggressive monetary tightening. Despite these tailwinds, silver has dropped about 15% since the Iran conflict began, as higher interest rates reduce demand for non-yielding assets. Adding to supply concerns, the Silver Institute and Metals Focus warned of a sixth consecutive year of structural deficit, with 762 million troy ounces drawn from stocks since 2021, raising the risk of a liquidity squeeze. Industrial demand is forecast to decline 3% to 640 million ounces in 2026.

Silver Hits 4-week High

Silver increased to 79.67 USD/t.oz, the highest since March 2026. Over the past 4 weeks, Silver lost 1.45%, and in the last 12 months, it increased 142.43%.

Silver Holds Gains on US-Iran Optimism

Silver traded above $79 an ounce on Wednesday after surging more than 5% in the previous session, supported by hopes that the US and Iran can strike a deal to end the conflict, easing fears of an energy-led inflation shock. Washington and Tehran are reportedly working to schedule a second round of peace talks in the coming days after last weekend’s negotiations collapsed. The US is continuing its naval blockade of Iranian oil exports in the Strait of Hormuz, while Iran is considering a temporary suspension of shipments through the route to help advance a potential agreement. Meanwhile, crude oil retreated below $90 per barrel and the dollar index slipped to a six-week low, lending further support to precious metals. Markets have also dialed back hawkish expectations for monetary policy, with the Federal Reserve adopting a wait-and-see stance as it evaluates inflation risks.

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Silver Price History

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.

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.

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.

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.

31.02.2026 - XAG Commodity was up 6.1%

• Silver prices surged above $70.5 per ounce as tentative optimism regarding a diplomatic resolution in Iran balanced against persistent supply shortages and geopolitical risks.
• The metal's bullish movement was supported by recent discussions with Iran, offering relief to markets unsettled by the prolonged conflict.
• However, silver remains sensitive to geopolitical developments, with fluctuations in prices driven by uncertainties surrounding the Middle East conflict and its impact on global inflation concerns.
• The trajectory of silver prices continues to hinge on geopolitical events, market sentiment, and key economic data, such as the upcoming US jobs report.