Silver ($XAG) Commodity Forecast: Up 5.3% Today

What is Silver?

Silver, a precious metal known for its industrial and investment demand, experienced a strong bullish movement today amidst various market factors.

Why is Silver going up?

XAG commodity is up 5.3% on Jan 22, 2026 19:40

• 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.

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Silver Hits All-time High

Silver increased to an all-time high of 95.92 USD/t.oz. Over the past 4 weeks, Silver gained 34.04%, and in the last 12 months, it increased 214.4%.

Silver Pushes New Highs

Silver rebounded past $95.5 per ounce to fresh records on Thursday, as investors reassessed resilient US growth alongside signs that inflation pressures remain contained. While the upward revision to Q3 GDP growth to 4.4% reinforced the view that the economy remains strong and reduced the urgency for near term policy easing, recent inflation data signaled steady disinflation rather than renewed overheating, helping stabilize expectations around future policy restraint. That balance limited downside pressure from growth resilience and allowed silver to recover, even as easing geopolitical rhetoric around Greenland tempered immediate safe haven demand. President Donald Trump stepped back from tariff threats and ruled out the use of force, though uncertainty lingered as Denmark rejected negotiations and European lawmakers paused approval of the EU US trade agreement. Silver continues to benefit from persistent physical tightness, with a fourth consecutive year of global supply deficits.

Silver Pares Gains After US GDP

Silver hovered around $93.5 per ounce on Thursday, paring recent gains after failing to sustain a rebound toward record highs, as the latest US GDP data underscored an economy that remains resilient and reduced the need for urgent policy easing. The upward revision to Q3 growth to 4.4% reinforced expectations that restrictive conditions may persist, increasing the opportunity cost of holding non yielding assets and capping near term upside for silver. Earlier, geopolitical risks eased modestly after President Donald Trump stepped back from tariff threats linked to Greenland and ruled out the use of force, although uncertainty lingered as Denmark rejected negotiations and European lawmakers paused approval of the EU US trade agreement. Despite these headwinds, silver continues to draw support from persistent physical tightness, with the market facing a fourth consecutive year of global supply deficits.

Silver Retreats on Trump Remarks

Silver declined toward$92 per ounce on Thursday, retreating further from record highs as US President Donald Trump’s latest statements eased market fears of a deeper geopolitical and trade dispute over Greenland. Trump ruled out using military force to acquire Greenland and scaled back tariff threats against European countries after reaching a framework for a future deal with NATO, though details of the agreement remain unclear. Meanwhile, Denmark said it would not enter negotiations to cede its territory to the US, while the European Parliament suspended approval of the EU-US trade deal agreed in July in protest of Trump’s threats. Despite the pullback, silver continues to benefit from persistent physical tightness, with the market facing a fourth consecutive year of global supply deficits, leaving prices highly sensitive to renewed stress in currencies, sovereign debt, or trade policy.

Silver Retreats after Record Setting Rally

Silver slipped below $93.5 after failing to hold record highs near $96, as the easing of geopolitical risk reduced demand for aggressive defensive positioning. The rally had been driven by renewed tariff threats linked to Greenland and a sharp sell-off in Japanese government bonds, which weakened the dollar and reinforced demand for precious metals amid concerns over fiscal discipline in major economies. However, prices pulled back after President Trump ruled out the use of military force, stabilizing risk assets and Treasuries. Despite the pullback, silver remains supported by persistent physical tightness, with the market facing a fourth consecutive year of global supply deficits, leaving prices highly sensitive to renewed stress in currencies, sovereign debt, or trade policy.

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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.

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.

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.

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.

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.