Silver ($XAG) Commodity Forecast: Down 8.2% Today

What is Silver?

Silver, a precious metal known for its dual role as an investment asset and an industrial metal, experienced a strong bearish movement in the market today.

Why is Silver going down?

XAG commodity is down 8.2% on Jan 27, 2026 18:15

• Silver surged more than 6% to above $110 per ounce, extending its record run due to geopolitical and trade risks, investor flight from sovereign bonds and currencies, and safe-haven demand.
• The threat of increased tariffs on South Korean goods by US President Donald Trump, concerns about the Federal Reserve's independence, and speculation about a new Fed chair announcement have added to the market volatility.
• The debasement trade, where investors shift from bonds and currencies into real assets, has further fueled the rally in precious metals like silver amidst unease over heavy fiscal spending in major economies.
• Despite the recent bearish movement, the overall bullish sentiment towards silver remains strong, driven by a combination of macroeconomic factors, geopolitical tensions, and safe-haven demand.

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Silver is up by 5%

Silver increased 5% to 109.092 USD/t.oz

Silver Resumes Rally on Haven Demand

Silver surged more than 6% to above $110 per ounce on Tuesday, extending its record run as geopolitical and trade risks, along with investor flight from sovereign bonds and currencies, boosted safe-haven demand for precious metals. In the latest developments, US President Donald Trump threatened to raise tariffs on South Korean goods from 15% to 25%, citing delays by the ally’s legislature in approving a trade deal. Investors are also weighing the upcoming US Federal Reserve policy decision, though concerns about the Fed’s independence and speculation that Trump may announce a new Fed chair this week have overshadowed the meeting. Silver and other precious metals also benefited from the so-called debasement trade, as investors shift from bonds and currencies into real assets amid growing unease over heavy fiscal spending in major economies.

Silver is up by 5%

Silver increased 5% to 108.093 USD/t.oz

Silver Extends Record Rally

Silver jumped more than 4% to above $107 per ounce on Monday, extending a historic rally to all-time highs on strong safe-haven and investment demand, as well as a prolonged tightness in the physical market. Rising prices have spurred robust retail demand in key markets such as China and India, with investors increasingly turning to 1-kilogram silver bars. Chinese manufacturers have reportedly shifted production from silver jewelry to investment products to meet the surge in demand. Macro factors have also supported the rally, including heightened geopolitical and trade risks. US President Donald Trump recently threatened Canada with 100% tariffs if it finalizes a trade deal with China. Meanwhile, expectations that Trump will replace Federal Reserve Chair Jerome Powell with a more dovish candidate have bolstered market bets on future rate cuts, further underpinning safe-haven flows into precious metals.

Silver Breaks $100

Silver surged to $100 per ounce for the first time, buoyed by a softer US dollar, persistent geopolitical tensions, and broader economic uncertainty. The greenback came under pressure amid shifting US–Europe geopolitical dynamics surrounding Greenland, alongside growing investor unease that Europe could leverage its sizeable holdings of US assets as a strategic tool. Meanwhile, the Federal Reserve is widely anticipated to leave interest rates unchanged at its meeting next week, reflecting continued signs of economic resilience. However, markets are still pricing in two rate cuts later this year, a view that could gain further traction as President Donald Trump moves closer to selecting the next Fed chair following interviews with potential candidates. Beyond macro forces, silver’s rally has been amplified by a historic short squeeze, robust retail investor demand, and China’s tightening export controls, all of which have intensified supply concerns and added momentum to the move.

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Silver Price History

14.00.2026 - XAG Commodity was up 6.7%

• Silver surged to new record highs above $89 per ounce as investors flocked to safe-haven assets amidst geopolitical tensions and concerns over the independence of the US Federal Reserve.
• Expectations of further Fed rate cuts, robust investment flows, strong industrial demand, and a multi-year supply deficit all contributed to the bullish outlook for silver.
• Tariff uncertainties, silver's critical mineral designation in the US, and tight liquidity in the London market added further support to the price rally.
• The combination of these factors, along with renewed trade fears, protests in Iran, and softer US inflation data, propelled silver to fresh highs, highlighting its appeal as a hedge against economic uncertainties and inflationary pressures.

14.00.2026 - XAG Commodity was up 5.0%

• Silver surged to record highs above $87 per ounce as softer US inflation data eased concerns of tighter monetary policy, leading investors to flock towards safe-haven assets like precious metals.
• The bullish momentum was further fueled by geopolitical tensions, including US Federal Reserve independence concerns and escalating protests in Iran, along with President Trump's announcements of tariffs and potential interventions in various regions.
• Market participants closely monitored US interest rate cut expectations and geopolitical risks, with the combination of these factors driving demand for silver as a hedge against uncertainty and inflation, ultimately propelling the metal to fresh record highs.

14.00.2026 - XAG Commodity was up 7.2%

• Silver soared to new record highs above $89 per ounce, driven by various factors:
• Geopolitical tensions and concerns regarding the independence of the US Federal Reserve increased the safe-haven appeal of silver.
• Expectations of more Fed rate cuts, limited supply, and strong industrial demand from sectors like clean energy and AI contributed to the upward trend.
• Uncertainties surrounding tariffs and silver being classified as a critical mineral in the US further supported its price.
• The market shift can be attributed to a mix of macroeconomic factors, including softer US inflation data, concerns about potential tightening of policy easing, and safe-haven flows triggered by DOJ investigations and tariff updates.
• Silver's surge to fresh record highs was also driven by speculation on US interest rate reductions, growing geopolitical tensions (notably with Iran), and the possibility of additional Fed rate cuts following lower-than-expected job growth data.

14.00.2026 - XAG Commodity was up 5.2%

• Silver surged above $92 per ounce, hitting fresh highs as markets weighed easing inflation signals against persistent macro and political risks, reinforcing expectations of future Federal Reserve rate cuts.
• Strong retail sales and robust investment flows, coupled with tight supply conditions and steady industrial demand linked to clean energy technologies, contributed to the metal's upward momentum.
• Concerns over the US Federal Reserve's independence, geopolitical tensions, and trade fears, including President Trump's tariff threats on countries trading with Iran, further bolstered demand for safe-haven assets like silver.
• The combination of these factors, along with the ongoing structural deficit in the silver market and liquidity constraints in London, propelled silver to new record highs, showcasing its resilience in the face of 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.

26.00.2026 - XAG Commodity was up 5.1%

• Silver prices surged to all-time highs above $100 per ounce due to strong safe-haven and investment demand, as well as tightness in the physical market.
• Geopolitical tensions, trade risks, and expectations of future rate cuts have further boosted the rally in silver, with investors turning to precious metals amid economic uncertainty.
• The weakening dollar, shifting US-Europe dynamics, and the anticipation of a more dovish Federal Reserve chair appointment have also contributed to the record-breaking rally in silver.
• Retail demand, a historic short squeeze, and China's export controls tightening have intensified supply concerns and added momentum to the bullish movement in silver prices.

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.

23.00.2026 - XAG Commodity was up 6.3%

• Silver surged to new all-time highs, nearing $99 per ounce, driven by a weakening dollar and increased demand for real assets amidst shifting geopolitical dynamics.
• The rally in silver was further fueled by a historic short squeeze, strong retail buying, and export controls from a major economy, highlighting the metal's appeal as a safe haven asset in times of uncertainty.
• Statements from a notable political figure easing fears of a deeper geopolitical and trade dispute contributed to a pullback in silver prices, but the market remains sensitive to renewed stress in currencies, sovereign debt, or trade policy, given the persistent physical tightness and global supply deficits in the silver market.

23.00.2026 - XAG Commodity was up 5.4%

• Silver broke the $100 mark and hit fresh all-time highs due to a weakening dollar, geopolitical uncertainties, and broader economic concerns, leading investors to seek refuge in precious metals.
• Expectations of the Federal Reserve maintaining current interest rates and potential future rate cuts added to the positive momentum in silver prices.
• The market saw a historic short squeeze, heightened retail purchasing, and stricter export controls from China contributing to supply worries and boosting silver's upward trajectory.
• While there was a slight retreat post the US GDP data showing economic resilience, silver's upward trend persists due to ongoing physical market tightness and sustained global supply deficits for the fourth year in a row.

27.00.2026 - XAG Commodity was down 5.4%

• Despite the recent bullish trend in silver prices driven by safe-haven demand and geopolitical tensions, today's bearish movement could be attributed to profit-taking by investors after the metal reached record highs.
• The market may have reacted to the news of the US President's threats to raise tariffs on South Korean goods and the uncertainty surrounding the upcoming US Federal Reserve policy decision, leading to a temporary pullback in silver prices.
• It is essential to monitor the market sentiment closely in the coming days to see if this bearish movement is a short-term correction or the beginning of a more significant trend reversal in the silver market.

27.00.2026 - XAG Commodity was down 8.2%

• Silver surged more than 6% to above $110 per ounce, extending its record run due to geopolitical and trade risks, investor flight from sovereign bonds and currencies, and safe-haven demand.
• The threat of increased tariffs on South Korean goods by US President Donald Trump, concerns about the Federal Reserve's independence, and speculation about a new Fed chair announcement have added to the market volatility.
• The debasement trade, where investors shift from bonds and currencies into real assets, has further fueled the rally in precious metals like silver amidst unease over heavy fiscal spending in major economies.
• Despite the recent bearish movement, the overall bullish sentiment towards silver remains strong, driven by a combination of macroeconomic factors, geopolitical tensions, and safe-haven demand.

22.00.2026 - XAG Commodity was up 5.3%

• Silver surged to an all-time high of $95.92 per ounce, marking a significant increase over the past weeks and months, showcasing its attractiveness to investors seeking safe-haven assets.
• The market movement was influenced by a combination of factors including resilient US economic growth, contained inflation pressures, easing geopolitical tensions, and persistent physical tightness in the silver market.
• President Trump's statements ruling out military force and tariff threats, along with geopolitical developments related to Greenland and trade agreements, played a role in the temporary pullbacks witnessed in silver prices.
• Despite the retreats from record highs, silver's ongoing support from global supply deficits and sensitivity to currency, debt, and trade policy stress indicate continued volatility and potential for further price fluctuations in the near term.