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

What is Silver?

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

Why is Silver going up?

XAG commodity is up 5.1% on Dec 17, 2025 17:41

• 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.

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Silver Rallies to Fresh Record High

Silver climbed toward $66 per ounce on Wednesday, reaching new all-time highs as a mixed US jobs report prompted investors to seek alternative assets offering higher returns to manage risk. The November US labor data showed the unemployment rate rose to 4.6%, the highest since 2021, although payrolls increased more than expected. Markets are pricing in roughly a 75% probability that the Federal Reserve will hold interest rates steady at its January meeting, largely unchanged from prior to the report. Investors are now awaiting remarks from key Fed officials on Wednesday, as well as the highly anticipated November consumer inflation report on Thursday for further guidance. Silver’s rally this year, currently up nearly 130% year-to-date, is also supported by tightening inventories and robust retail and industrial demand, particularly from the expanding solar, electric vehicle, and data center sectors.

Silver Hits All-time High

Silver increased to an all-time high of 64.66 USD/t.oz. Over the past 4 weeks, Silver gained 27.43%, and in the last 12 months, it increased 120.36%.

Silver Pulls Back on Profit-Taking

Silver slipped to below $63 per ounce on Tuesday, retreating from all-time highs as investors booked profits after a record rally that has seen the metal surge roughly 120% year-to-date. Analysts cautioned that valuations appear stretched relative to gold and highlighted potential impacts from US tariff exemptions. This year's rally had been driven by tightening inventories and strong industrial and retail demand, particularly from the solar, electric vehicle, and data center sectors. Additional support came from robust ETF inflows and retail buying, reinforcing expectations of a market deficit in the year ahead. Silver also benefited from a softer dollar following last week’s Federal Reserve rate cut, though prospects for further easing in 2026 remain uncertain.

Silver Steadies Near Record Highs

Silver steadied around $62.5 per ounce on Monday, hovering near record highs and up more than 100% year-to-date. The rally has been supported by tightening inventories, robust industrial demand, and the metal’s inclusion on the US critical minerals list. Demand has been particularly strong from the solar, electric vehicle, and data center sectors. Additional support came from strong ETF inflows and retail buying, reinforcing expectations of a market deficit next year. Silver also benefited from a softer dollar following last week’s Federal Reserve rate cut, although prospects for further easing in 2026 remain uncertain. Despite these gains, silver pulled back over 2% on Friday amid analyst warnings about stretched valuations relative to gold and potential impacts from US tariff exemptions.

Silver Retreats after Record Rally

Silver fell below $62 per ounce on Friday after touching record highs earlier in the day as the rally eased amid profit taking and a brief consolidation phase going into the weekend, even as the broader bullish backdrop remained intact. The recent US Federal Reserve rate cut and its less hawkish outlook continued to underpin medium term support, with Powell signaling no further hikes and projecting one additional cut next year and another in 2027. Robust ETF inflows and strong retail demand reinforced expectations of a market deficit next year, while industrial demand from solar, electric vehicles and data center infrastructure maintained upward pressure on fundamentals. At the same time rising lease rates and higher borrowing costs for physical silver in London pointed to ongoing delivery stress.

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Silver Price History

28.10.2025 - XAG Commodity was up 5.1%

• Silver surged to record highs nearing $55 per ounce due to mounting supply concerns and expectations of further Federal Reserve rate cuts.
• Chinese inventories hitting a decade low and increased silver exports contributed to the supply squeeze, while the possibility of a third Fed rate cut in December and the potential appointment of a Fed chair aligned with lower rates fueled market optimism.
• The precious metal's rally to a 6-week high at $54.40 per ounce and its 14.27% gain in the past 4 weeks, along with a 77.54% increase in the last 12 months, reflect the strong bullish sentiment surrounding silver.
• Soft US economic data and dovish Fed bets reinforced expectations for a rate cut in December, with reports of weakening consumer spending and labor market signals further supporting the case for monetary easing, ultimately propelling silver to near record highs.

29.09.2025 - XAG Commodity was up 5.1%

• Silver experienced a bullish movement today, reaching around $47.5 per ounce, after a recent period of volatility and losses.
• The market movement can be attributed to several factors:
• Anticipation of a 25 basis point rate cut by the US Federal Reserve, with investors closely watching Chair Jerome Powell's comments for guidance on future easing.
• Ongoing US-China trade negotiations impacting demand for safe-haven assets like silver, with progress in talks leading to a decrease in silver prices earlier in the week.
• Previous concerns of overvaluation following a record-setting rally, leading to profit-taking and subsequent losses in the silver market.
• The upcoming Trump-Xi meeting in South Korea is expected to finalize a framework that could impact trade relations and potentially influence silver prices further.

10.11.2025 - XAG Commodity was up 5.5%

• Silver soared to new record highs above $61 per ounce, driven by expectations of a Federal Reserve interest rate cut and tightening supply conditions. The ongoing supply squeeze, coupled with robust demand from key industries like solar energy and electric vehicles, contributed to the bullish momentum.
• Silver lease rates continued to climb, indicating a scarcity of physical metal and amplifying buying pressure. The structural deficit between mine production and consumption, along with heavy institutional demand and inflows into silver-backed ETFs, further fueled the rally.
• The market's focus on Chair Jerome Powell's remarks for clues on future rate cuts, as well as the uncertainty surrounding the 2026 outlook, added to the volatility. Any hawkish signals from the Fed or a sudden increase in mine output could potentially check the current upward trend in silver prices.

10.11.2025 - XAG Commodity was up 5.2%

• Silver surged to record highs due to a combination of factors, including expectations of a Fed rate cut, increased industrial demand from sectors like solar panels and electric vehicles, and a structural deficit in mine production versus consumption.
• The market movement was further fueled by visible draws in benchmark stocks, constrained availability in key markets like London, and significant inflows into silver-backed ETFs, all contributing to a scarcity-driven rally.
• While a more hawkish signal from the Fed or a sudden uptick in mine output could potentially temper the gains, for now, the rally is primarily being driven by physical scarcity and robust institutional demand, highlighting the bullish sentiment surrounding Silver in the current market environment.

10.11.2025 - XAG Commodity was up 5.1%

• Silver prices rose sharply, nearing the $60 per ounce mark, and achieved record highs following expectations of a Federal Reserve rate cut and tightening conditions in the physical market.
• The ongoing structural deficit in the supply of silver, fueled by rising industrial demand particularly from sectors like solar panels and electric vehicles, alongside limited mine production, has bolstered the upward trend.
• Heightened institutional interest, evident reductions in benchmark stocks, and significant inflows into silver-backed ETFs have intensified buying pressure, propelling prices upward.
• While a potential change in the Federal Reserve's policy stance towards a more hawkish position or a sudden surge in mine output could potentially decelerate the rally, the current drivers of the upward trajectory in silver prices primarily revolve around physical scarcity and robust institutional demand.

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.

13.10.2025 - XAG Commodity was up 5.9%

• Silver prices surged above $54 per ounce, nearing all-time highs, as investors sought refuge in precious metals amidst global uncertainties and expectations of Federal Reserve rate cuts.
• Supply concerns, including India's wedding season and fears of potential US tariffs on silver, added to the bullish sentiment.
• The US Department of Interior's designation of silver as a critical mineral further highlighted its importance, potentially leading to trade restrictions.
• Overall, the combination of economic uncertainties, rate cut expectations, and supply pressures propelled silver to its bullish movement today.

14.10.2025 - XAG Commodity was down 5.2%

• The recent bearish movement in the price of silver can be attributed to profit-taking by investors after a significant rally in the past few days.
• Despite approaching all-time highs and showing resilience in the face of global uncertainties, the sharp decline today may indicate a temporary pullback in the market.
• Factors such as the potential for US tariffs on silver, supply concerns, and mixed signals regarding Federal Reserve rate cuts may have contributed to the sudden drop in silver prices.
• Investors should closely monitor developments in the global economy, trade policies, and central bank actions to gauge the future direction of the silver market.

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.

12.10.2025 - XAG Commodity was up 5.0%

• Silver prices surged to a three-week high above $51 per ounce, driven by growing expectations of a Federal Reserve rate cut.
• Signs of US economic weakness, such as job losses and falling consumer sentiment, further fueled the bullish sentiment for silver.
• The ongoing US government shutdown and its potential impact on the economy also contributed to the safe-haven demand for precious metals like silver.
• The weakening dollar, making dollar-denominated commodities more attractive, added to the positive momentum for silver prices.

22.09.2025 - XAG Commodity was down 5.7%

• Silver prices saw a sharp decline today, following a recent rally to record highs, as profit-taking sentiment gripped the market.
• The bearish movement was exacerbated by improving risk appetite, driven by easing US-China trade tensions and hopes for a resolution to the US government shutdown.
• President Trump's comments on a potential trade deal with China and the upcoming meeting with President Xi Jinping added to the market uncertainty, contributing to the downward pressure on silver prices.
• Traders are closely monitoring key US inflation data and the expected Federal Reserve rate cut next week, which are likely to influence silver's future price movements amidst ongoing geopolitical tensions and safe-haven demand.