Silver ($XAG) Commodity Forecast: Down 15.6% Today

What is Silver?

Silver is a precious metal known for its industrial and investment uses. It is often seen as a safe-haven asset in times of economic uncertainty.

Why is Silver going down?

XAG commodity is down 15.6% on Feb 5, 2026 15:43

• 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.

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Silver Extends Plunge

Silver slumped as much as 16.5% to around $73.5 per ounce, snapping a brief two day rebound as the latest recovery attempt failed to hold and volatility surged across precious metals. Hopes for dip buying faded quickly as volatility intensified across precious metals, with silver underperforming amid broad deleveraging. The move unfolded alongside deteriorating US labour signals, including 108.4K job cuts in January and a jump in initial claims to 231K, which reinforced expectations for Federal Reserve rate cuts later this year. Even so, the immediate response favoured risk reduction rather than defensive inflows, pressuring silver through margin driven selling after last week’s sharp rally. Policy uncertainty also lingered as markets weighed Kevin Warsh’s nomination as Fed chair, given his preference for a smaller balance sheet and a more cautious approach to easing. Meanwhile, easing geopolitical risk after confirmation of upcoming US Iran talks reduced near term safe haven demand.

Silver Plunges Amid Renewed Selling Pressure

Silver fell as much as 8.5% toward $80 an ounce on Thursday, snapping a two-day rebound as precious metals faced renewed selling pressure and heightened volatility. Despite hopes that dip buyers might step in at lower levels, the decline in silver and other metals appears set to continue after the recent rebound failed to hold. The selloff coincided with a stronger dollar, fueled by hawkish signals from the Federal Reserve and expectations of a slower pace of US rate cuts. Investors considered the implications of Kevin Warsh’s nomination as Fed chair, noting his preference for a smaller Fed balance sheet and expectations that he would be less aggressive on rate reductions. Additionally, geopolitical tensions eased after the US and Iran scheduled a fresh round of talks for Friday, though the scope remains uncertain. Tehran seeks to confine discussions to its nuclear program, while Washington wants to address ballistic missiles, regional militant support, and human rights issues.

Silver Extends Gains for Third Day

Silver climbed toward $90 an ounce on Thursday, marking a third consecutive session of gains as the precious metal continued to recover from a historic selloff that included a record 26% one-day plunge. Dip buyers stepped in, supported by analysts’ view that the fundamentals that drove gold and silver to record highs in January remain intact. Investors also weighed the potential for US Federal Reserve interest rate cuts after ADP data showed weaker-than-expected private payroll growth last month. However, caution lingered following the nomination of Kevin Warsh as the next Fed chair, who is expected to favor lower rates but less aggressively than other candidates. Geopolitical tensions eased after the US and Iran scheduled fresh talks for Friday, though the scope remains uncertain. Tehran seeks to limit discussions to its nuclear program, while Washington aims to address ballistic missiles, regional militant support, and human rights issues.

Silver Holds Above $89

Silver pared some early gains on Wednesday, trading just above $89 per ounce, as markets digested US economic data and the potential impact on Federal Reserve policy following President Trump’s nomination of Kevin Warsh as Fed chair. With key labor-market reports postponed this week, attention focused on the ADP survey, which showed weaker-than-expected private payroll growth, while a stronger-than-forecast ISM services PMI indicated ongoing momentum in the US service sector. The metal was still up nearly 5%, marking a second consecutive day of gains after a historic two-day selloff that erased as much as 40% of its value. Forced liquidations appear to have eased, with dip buyers stepping in, supported by a persistent structural supply deficit and steady industrial demand. Geopolitical tensions also lent safe-haven support after the US Navy shot down an Iranian drone in the Arabian Sea, even as a new round of US-Iran nuclear talks is scheduled for Friday.

Silver is up by 5.04%

Silver increased 5.04% to 89.377 USD/t.oz

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Silver Price History

03.01.2026 - XAG Commodity was up 5.4%

• Silver experienced a significant bullish movement today, rebounding from recent steep selloffs.
• The market movement can be attributed to a combination of factors:
• The rebound came after a historic selloff that saw prices plunge, driven by profit-taking following a strong rally and concerns over the nomination of a more hawkish Federal Reserve chair.
• Geopolitical and economic uncertainty, currency debasement fears, and a structural supply deficit also played a role in the earlier surge and subsequent rebound.
• The sharp swings in silver prices highlight the volatility and sensitivity of the metal to geopolitical events, economic indicators, and central bank policies.
• Moving forward, investors will likely continue to monitor geopolitical developments and Federal Reserve actions for further insights into silver's price movements.

03.01.2026 - XAG Commodity was up 5.9%

• Silver rebounded today after a dramatic two-day selloff, recovering above $83 per ounce. The initial plunge was triggered by news of US President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve chair, signaling a more hawkish policy stance, which led to profit-taking and a rapid unwind of speculative positions.
• The market movement was also influenced by factors such as heightened geopolitical and economic uncertainty, concerns over currency debasement, and a structural supply deficit in the silver market. These elements, along with rising investment inflows, particularly from Chinese speculators, contributed to the rally.
• Despite the recent volatility, silver's safe-haven appeal remained intact, supported by ongoing worries about the Fed's independence, rising government debt, and geopolitical tensions. The market's reaction to these factors, coupled with momentum buying and profit-taking, led to the sharp fluctuations in silver prices.
• Looking ahead, investors will likely continue to monitor developments related to the Federal Reserve's policy direction, global economic conditions, and geopolitical events to gauge the future trajectory of silver prices.

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.

02.01.2026 - XAG Commodity was down 11.6%

• Recent market movements for silver were bearish primarily influenced by profit-taking and market volatility.
• The potential appointment of Kevin Warsh as the next Federal Reserve chair, viewed as a more hawkish choice, has heightened market uncertainty.
• Geopolitical tensions and economic instability, such as trade tariffs and nuclear talks, further drove down silver prices.
• Following a record surge, the notable decline in silver prices signals a phase of market consolidation and adjustment.

02.01.2026 - XAG Commodity was down 6.0%

• Silver dropped by 5.04% to $80.371 per ounce today.
• Market volatility may be due to profit-taking after a record rally, geopolitical tensions, and uncertainties surrounding the Federal Reserve's monetary policy.
• The nomination of Kevin Warsh as the potential next Federal Reserve chair, viewed as a more hawkish option, could have influenced market reaction, in addition to concerns about rising government debt and geopolitical risks.
• The structural deficit in the silver market and investors shifting to physical assets amid economic uncertainties also impacted the price decline.

02.01.2026 - XAG Commodity was up 5.7%

• Silver had a volatile trading session, exhibiting significant price fluctuations, and closed with a strong bullish movement.
• Profit-taking activities after a recent price surge and escalating geopolitical tensions were the main drivers behind the market's movements.
• Market uncertainty heightened with the potential nomination of Kevin Warsh as the next Federal Reserve chair by President Trump, leading investors to turn to safe-haven assets like silver.
• The structural deficit in the silver market, worries about increasing government debt, and geopolitical risks added to the demand for silver as a store of value, contributing to its bullish performance.

02.01.2026 - XAG Commodity was down 5.4%

• Silver prices took a nosedive following speculation about US President Donald Trump's pick for the next Federal Reserve chair, hinting at a potentially more hawkish policy direction. This, combined with profit-taking after a sustained rally, resulted in a sharp decline in silver prices.
• The market saw increased volatility due to geopolitical tensions and economic ambiguities, prompting investors to seek refuge in safe-haven assets like silver.
• Despite the downturn, silver found support from a structural market deficit and the strategy of moving into physical assets during periods of concerns about mounting government debt and currency devaluation.
• The significant drop in silver prices was also influenced by speculative buying and profit-taking actions, underlining the speculative aspect of the market and the impact of investor sentiment on price fluctuations.

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.