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

What is Silver?

Silver, a precious metal known for its industrial and investment demand, experienced a strong bullish movement today amidst recent market volatility and geopolitical tensions.

Why is Silver going up?

XAG commodity is up 5.0% on Feb 9, 2026 20:05

• Silver prices surged over 6% to $83 per ounce, continuing last week's rebound from a historic selloff that wiped out nearly half of its value. Factors contributing to the bullish movement include easing US inflation expectations, softer real yields, and a weaker dollar, along with geopolitical risks and expectations of expansionary fiscal policies in Japan.
• The recovery in silver prices was also supported by US-Iran talks to ease tensions, although Iran's stance on nuclear fuel enrichment remained unchanged. Additionally, US jobs and inflation reports are awaited for further guidance on Federal Reserve policy.
• The extreme swings in precious metals, including silver, were attributed to speculative activities, with Chinese traders playing a significant role in the market volatility. The nomination of Kevin Warsh as the next Fed Chairman, known for his hawkish views, also impacted silver prices.
• Despite the rebound, silver prices erased gains made earlier in the year, reaching a record high of $121 on January 29th before facing a wave of selling triggered by higher margin requirements and liquidation. Speculative bets on silver due to its industrial applications also contributed to the bullish sentiment.

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Silver Recovers Sharply

Silver jumped over 6% toward $83 per ounce on Monday, extending last week’s rebound after a historic liquidation briefly erased nearly half of its value. The recovery was driven by easing US inflation expectations, softer real yields and a weaker dollar ahead of key US labour and CPI releases that could reinforce expectations for Federal Reserve easing later this year. One year ahead US inflation expectations fell to 3.1% while longer term measures remained stable, materially reducing the real rate headwind for non yielding metals. Geopolitical risk provided secondary support as US Iran talks lowered immediate escalation risk without removing broader tail risks. In Japan, a landslide election victory for Prime Minister Sanae Takaichi’s ruling coalition strengthened expectations for expansionary fiscal policy, further supporting precious metals demand. Markets now await US jobs and inflation data for clearer guidance on the policy outlook.

Silver Gains for Second Session

Silver rose more than 2% toward $80 per ounce on Monday, following a 10% jump in the previous session, as traders continued to buy the precious metal after a historic selloff that erased nearly half of its value. Investors also responded to the landslide victory of Prime Minister Sanae Takaichi’s ruling coalition in Japan’s weekend elections, which paves the way for her expansionary fiscal policies. Meanwhile, the US and Iran held talks in Oman on Friday in an effort to ease tensions, though Tehran maintained its refusal to halt nuclear fuel enrichment. Investors are also awaiting key US jobs and inflation reports this week for guidance on Federal Reserve policy. US Treasury Secretary Scott Bessent attributed last week’s extreme swings in precious metals to Chinese traders, describing the recent top as a speculative blowoff.

Silver Extends Rebound

Silver extended its rebound toward the $76 per ounce mark on Friday, halting the selloff that started late January as markets gauged solid fundamentals for the metal against overdone speculative positions that triggered unprecedented volatility for the asset. Despite the rebound, silver prices erased all of this year's gain days after reaching a record of $121 on January 29th, after a wave of selling triggered higher margin requirements and magnified liquidation. Catalysts for the plunge also included the nomination of Kevin Warsh for the next Fed Chairman, who previously displayed strong views against a large Fed balance sheet. Precious metals had rallied after the US presidential administration hinted at efforts to weaken the dollar, in addition to geopolitical concerns in between NATO members and Middle Eastern military powers. At the same time, speculative bets on silver due to its industrial use in electrification and AI infrastructure added to the bullish sentiment.

Silver Whipsaws in Volatile Trade

Silver rose more than 3% to above $73 per ounce on Friday after plunging nearly 10% earlier in the session, with volatility surging to levels last seen in 1980. Price swings in the metal have been far more extreme than in gold, reflecting silver’s smaller market size, thinner liquidity, and heavy speculative positioning. Still, silver is on track for a second consecutive weekly decline and remains about 40% below its Jan. 29 peak. Silver and other precious metals had rallied to record highs in January on heightened geopolitical risks, economic uncertainty, and concerns over the US Federal Reserve’s independence that boosted safe-haven demand. Speculative buying, particularly from Chinese traders, added froth to the rally, leaving prices vulnerable to a sharp reversal as sentiment turned. Pressure on precious metals intensified further after a sharp rebound in the dollar following the nomination of Kevin Warsh as the next Fed chair, widely seen as the more hawkish choice.

Silver traded above 70 USD/t.oz

Silver rose above 70, according to trading on a contract for difference (CFD).

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Silver Price History

04.01.2026 - XAG Commodity was up 5.1%

• Silver rebounded by over 5% today, reaching $89.377 per ounce, following a recent period of extreme volatility in the metals market.
• The bullish movement can be attributed to easing volatility, as forced liquidations subsided and dip buyers took advantage of lower prices.
• Geopolitical tensions, such as recent developments involving the US Navy and Iran, supported demand for safe-haven assets like silver.
• The structural supply deficit in the silver market, along with steady industrial demand and speculative buying, also contributed to the price surge.

04.01.2026 - XAG Commodity was up 5.8%

• Silver prices surged by over 5% as the market reacted to US economic data and speculation surrounding the Federal Reserve's policy under the potential new chair, Kevin Warsh.
• The metal rebounded after a historic selloff, with forced liquidations easing and dip buyers capitalizing on lower prices, supported by a persistent structural supply deficit and steady industrial demand.
• Geopolitical tensions, including the US Navy's actions in the Arabian Sea, added safe-haven appeal to silver, further contributing to the price increase.
• The rally in silver, driven by geopolitical uncertainty, currency concerns, and Fed-related fears, saw a dramatic reversal following Trump's nomination of Warsh, leading to a rapid unwind of speculative positions among Chinese investors.

04.01.2026 - XAG Commodity was up 5.9%

• Silver rebounded significantly today, surpassing $86 per ounce, following a historic selloff that wiped out a substantial portion of its value in just two days.
• The bullish movement can be attributed to easing volatility in the metals market, as forced liquidations subsided and dip buyers took advantage of lower prices.
• Geopolitical tensions, such as the US Navy shooting down an Iranian drone and upcoming nuclear talks, supported demand for safe-haven assets like silver.
• The persistent structural supply deficit, steady industrial demand, and speculative buying, particularly from Chinese traders, also contributed to the rally, highlighting the multifaceted factors influencing silver prices.

05.01.2026 - XAG Commodity was down 6.2%

• Silver prices declined today, diverging from their recent upward trend.
• This shift is believed to stem from reduced volatility in the metal market following a significant sell-off, prompting profit-taking and a price adjustment.
• Market sentiment may have been influenced by the prospect of Kevin Warsh becoming the next Fed chair, a choice perceived as more inclined towards tight monetary policy.
• Ongoing geopolitical tensions, including discussions between the US and Iran and conflicts in areas like Ukraine, are contributing to market uncertainty and impacting silver prices.

05.01.2026 - XAG Commodity was down 13.5%

• Silver faced a significant downturn today, dropping around 8.5% to approximately $80 per ounce.
• The decline in silver prices is linked to increased selling pressure and heightened volatility in the precious metals market.
• The fall can be tied to a stronger dollar, more hawkish signals from the Federal Reserve, and the expectation of slower US rate cuts.
• The possibility of Kevin Warsh becoming the next Fed chair, which could bring about a smaller Fed balance sheet and less aggressive rate reductions, likely influenced investor sentiment.

05.01.2026 - XAG Commodity was down 15.6%

• Silver saw a significant drop today, falling by 16.5% to approximately $73.5 per ounce due to increased volatility and selling pressure.
• Factors such as a stronger dollar, hawkish signals from the Federal Reserve, and expectations of slower US rate cuts contributed to the decline in silver prices.
• The nomination of Kevin Warsh as the next Fed chair, known for favoring a smaller balance sheet and less aggressive rate reductions, had a negative impact on silver.
• With the US and Iran agreeing to talks, geopolitical tensions easing led to reduced safe-haven demand for silver, further adding to the downward pressure on prices.

06.01.2026 - XAG Commodity was up 5.5%

• Silver saw a strong bullish movement today, rebounding towards $76 per ounce after a period of volatility and significant price swings.
• The market movement can be attributed to the halt in the selloff that started late January, as markets assessed solid fundamentals for the metal against overdone speculative positions.
• Factors such as geopolitical concerns, the nomination of Kevin Warsh for the next Fed Chairman, and speculative bets on silver's industrial use contributed to the bullish sentiment.
• Despite the rebound, silver prices erased all gains for the year, reflecting the intense volatility and speculative positioning in the market.

09.01.2026 - XAG Commodity was up 5.0%

• Silver experienced a strong bullish movement today, with prices rising over 2% to reach $80 per ounce.
• The bullish trend can be attributed to continued buying interest from traders following a historic selloff that saw the metal lose nearly half of its value.
• Factors such as the landslide victory of Prime Minister Sanae Takaichi in Japan's elections, ongoing US-Iran talks, and anticipation of key US economic reports contributed to the positive sentiment.
• Additionally, the recent extreme swings in precious metals, including silver, were attributed to speculative activity, with Chinese traders playing a significant role in driving prices.

09.01.2026 - XAG Commodity was up 5.0%

• Silver prices surged over 6% to $83 per ounce, continuing last week's rebound from a historic selloff that wiped out nearly half of its value. Factors contributing to the bullish movement include easing US inflation expectations, softer real yields, and a weaker dollar, along with geopolitical risks and expectations of expansionary fiscal policies in Japan.
• The recovery in silver prices was also supported by US-Iran talks to ease tensions, although Iran's stance on nuclear fuel enrichment remained unchanged. Additionally, US jobs and inflation reports are awaited for further guidance on Federal Reserve policy.
• The extreme swings in precious metals, including silver, were attributed to speculative activities, with Chinese traders playing a significant role in the market volatility. The nomination of Kevin Warsh as the next Fed Chairman, known for his hawkish views, also impacted silver prices.
• Despite the rebound, silver prices erased gains made earlier in the year, reaching a record high of $121 on January 29th before facing a wave of selling triggered by higher margin requirements and liquidation. Speculative bets on silver due to its industrial applications also contributed to the bullish sentiment.

06.01.2026 - XAG Commodity was down 7.2%

• Silver surged above $73 per ounce before dropping over 8%, hitting a seven-week low amidst widespread deleveraging and a significant selloff in financial markets.
• Heavy speculative positioning, mainly from Chinese traders, increased silver's price volatility, leaving it susceptible to sudden reversals with changing sentiment.
• The potential nomination of a more hawkish candidate for the next Fed chair caused the dollar to strengthen, adding pressure on precious metals like silver.
• Geopolitical tensions, economic uncertainties, and expectations of Federal Reserve actions were key factors influencing market sentiment, contributing to the increased volatility and bearish trend seen in silver prices.

06.01.2026 - XAG Commodity was down 6.2%

• Silver plummeted by over 8% to dip below $65 per ounce due to widespread deleveraging and a sharp selloff in financial markets.
• Speculative purchases, notably from Chinese traders, inflated the market, leaving it exposed to a sudden reversal with shifting sentiments.
• The selection of Kevin Warsh as the potential new Fed chair, known for a more conservative stance, triggered a dollar rally, intensifying pressure on precious metals like silver.
• Despite expectations of bargain hunting, the silver decline persisted as global tensions eased, prompting a shift towards risk aversion over defensive asset inflows, contributing to the bearish sentiment in the market.

06.01.2026 - XAG Commodity was down 23.0%

• Silver prices plummeted by over 8%, slipping below $65 per ounce, hitting a seven-week low and wiping out all gains for the year.
• The price decline was influenced by broad deleveraging and extensive market sell-offs, as well as a strengthening US dollar linked to the nomination of Kevin Warsh for the next Fed chair, hinting at a more stringent monetary policy approach.
• Increased speculative buying, primarily from Chinese traders, exaggerated the market rally, making silver susceptible to a sharp turnaround as market sentiment changed. Moreover, easing tensions between the US and Iran, with scheduled talks, lessened the demand for precious metals as safe-havens.
• Despite expectations of purchasing on the dip and anticipated supply shortages benefiting silver, market focus centered on diminishing risks rather than defensive investments. This shift led to selling driven by margins and raised volatility levels in the precious metals market.