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

What is Silver?

Silver, a precious metal known for its dual role as an investment asset and an industrial commodity, experienced a strong bullish movement today. The market for silver is influenced by various factors such as geopolitical tensions, US Federal Reserve policies, and global economic conditions.

Why is Silver going up?

XAG commodity is up 5.1% on Jan 13, 2026 14:25

• 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.

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Silver Holds at All-Time Highs

Silver remained above $85 per ounce on Tuesday, hovering near record highs as concerns over the US Federal Reserve’s independence, geopolitical tensions, and renewed trade fears bolstered demand for safe-haven metals. US federal prosecutors threatened to indict Fed Chair Jerome Powell over his comments to Congress regarding a building renovation project, raising questions about the central bank’s independence. The Trump administration has been pressuring the Fed to cut interest rates, with Powell calling the threat a “pretext” to influence policy. Investors were also watching escalating protests in Iran, which raised fears of potential US intervention, alongside President Trump’s statements on annexing Greenland. In addition, Trump warned that any country conducting business with Iran would face a 25% tariff on all US transactions.

Silver Rallies to Fresh Record High

Silver jumped more than 4% to over $83 per ounce on Monday, hitting fresh record highs as bets on US interest rate cuts and geopolitical tensions bolstered demand for safe-haven metals. Investors closely monitored nationwide protests in Iran, now entering their third week and reportedly resulting in hundreds of deaths. US President Donald Trump has warned Iran’s leadership against using force on demonstrators and has signaled that Washington could take action if Tehran violently suppresses protests, while Iranian officials have responded by cautioning against any US or Israeli intervention. Markets also weighed prospects for additional US Federal Reserve rate cuts after Friday's monthly jobs report showed job growth was below forecasts last month. Traders continue to bet on two Fed rate cuts this year, although the central bank is widely expected to hold policy steady later this month.

Silver Jumps After Soft US Payrolls

Silver rose over 1.5% to above $78.2 per ounce on Friday as weaker US job creation reinforced expectations for Fed rate cuts, triggering renewed demand for precious metals after index driven selling pressure eased. December nonfarm payrolls rose by just 50,000, well below forecasts, while the unemployment rate fell to 4.4%, confirming a low hiring, low firing labor market that aligns with an outlook for lower interest rates rather than renewed tightening. That shift reduced real yield pressure and encouraged fresh long positioning and short covering in silver futures once mechanical selling linked to annual commodity index rebalancing began to subside. Geopolitical risks around Venezuela and East Asia provided secondary support, but the rebound was chiefly driven by the repricing of US rates, with thin liquidity amplifying the upside move after two sessions of sharp liquidation.

Silver Slips on Index Rebalancing and Profit-Taking

Silver tumbled 5% toward $74 per ounce on Thursday, marking a second consecutive session of losses as investors positioned ahead of the annual rebalancing of major commodity indexes, which will see billions of dollars in futures contracts sold over the coming days. Mechanical selling by passive funds adjusting to annual index rebalancing has intensified near-term downside despite silver’s strong run, as portfolios unwind futures to meet new weightings after an extraordinary rally last year. Investors also monitored geopolitical developments, including ongoing US intervention in Venezuela and rising tensions between China and Japan, while awaiting Friday’s US nonfarm payrolls report for further insight into monetary policy. Markets currently price in a nearly 90% probability that the Fed will hold rates steady, though traders continue to anticipate multiple rate cuts later this year.

Silver Falls for Second Session

Silver dropped below $77 per ounce on Thursday, extending losses from the previous session as the bullish momentum that had driven precious metals toward record levels earlier this week began to fade. Prices also retreated as the dollar strengthened, with mixed US economic data offering limited clarity on the Federal Reserve’s policy outlook. Markets are currently pricing in a nearly 90% probability that the Fed will keep interest rates unchanged at its upcoming meeting, though traders continue to anticipate multiple rate cuts later this year. On the geopolitical front, investors continued to assess the implications of US intervention in Venezuela and rising tensions between China and Japan, developments that are likely to sustain underlying safe-haven demand. Still, silver remained close to all-time highs, supported by supply constraints and robust demand from both industrial applications and investment flows.

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Silver Price History

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.

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.

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.

08.00.2026 - XAG Commodity was down 5.4%

• Silver declined by 5.04% to $77.138 USD/t.oz.
• The drop in silver prices is linked to profit-taking by investors post a recent rally and a strengthening dollar before significant US economic reports.
• Ongoing geopolitical tensions globally are maintaining the demand for safe-haven metals like silver.
• Despite the recent setback, silver's recent rally has been fueled by supply concerns, robust industrial and investment demand, and favorable macroeconomic conditions.

06.00.2026 - XAG Commodity was up 6.3%

• Silver witnessed a robust growth of 5.05% to reach $80.44 per ounce, maintaining its upward trajectory.
• The spike in silver prices can be linked to heightened geopolitical tensions, particularly due to recent events involving the US and Venezuela, leading to increased interest in safe-haven assets like silver.
• Also, underwhelming US manufacturing data and cautious statements from a Federal Reserve official concerning labor market risks contributed to the positive movement in silver's value.
• The rise in silver prices was further fueled by a mix of supply uncertainties, strong industrial demand, and ongoing geopolitical instabilities, showcasing its significance as a valuable investment during periods of market instability.

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.

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.

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.

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.

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.