Silver ($XAG) Commodity Forecast: Down 11.8% Today

What is Silver?

Silver is a precious metal known for its industrial and investment uses, often considered a safe-haven asset in times of economic uncertainty. Today, the silver market experienced a significant bearish movement.

Why is Silver going down?

XAG commodity is down 11.8% on Mar 19, 2026 13:36

• Silver prices plunged over 10% to around $65 per ounce, hitting a multi-month low, driven by a combination of factors:
• Hawkish signals from central banks, including the US Federal Reserve, Japan’s BoJ, and the Bank of England, hinting at possible rate hikes and tightening monetary policies.
• Geopolitical tensions, particularly related to the Iran conflict, leading to market volatility and risk aversion.
• Surging oil prices, with Brent futures surpassing $110 a barrel due to attacks on energy infrastructure in the Middle East, increasing the appeal of oil over precious metals.
• The Fed's decision to hold rates steady and its revised inflation forecasts have raised concerns about the opportunity cost of holding non-yielding assets like silver, contributing to the downward pressure on prices.
• Market participants are closely monitoring economic indicators, inflation data, and central bank actions for cues on future rate movements, with the current outlook weighing heavily on silver's performance in the near term.

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Silver Crashes 10% as Iran War, Hawkish Central Banks Spark Selloff

Silver plummeted over 10% toward $65 per ounce on Thursday, its lowest since mid-December, as the precious metals rout deepened amid Iran war-driven volatility and hawkish central bank shifts. Investors recalibrated expectations after major banks held rates firm, citing inflation risks and geopolitical uncertainty. The US Federal Reserve kept rates unchanged, warning of economic fallout from the Iran conflict and sticky inflation, with Chair Jerome Powell leaving the door open to a hike. Japan’s BoJ Governor Kazuo Ueda teased a possible April rate increase, while the Bank of England unanimously held rates but turned unexpectedly hawkish. Markets now push Fed easing to 2027 and price in two BoE hikes this year, weighing heavily on silver’s outlook.

Silver Stabilizes After Sharp Drop

Silver stabilized above $75 per ounce on Thursday after a roughly 5% drop in the previous session, as hawkish signals from the US Federal Reserve and surging oil prices weighed on precious metals. The US central bank held its policy rate steady on Wednesday as expected, while flagging upside risks to inflation from the Iran war. The Fed indicated it will not cut rates until inflation shows signs of easing, though it still projects one rate reduction this year. Data on Wednesday also showed US producer prices rose more than expected in February. Meanwhile, oil prices climbed again, with Brent futures exceeding $110 a barrel following fresh attacks on energy infrastructure in the Middle East. Iran launched missile strikes on a Qatari facility housing the world’s largest LNG export plant, one of several targets Tehran vowed to hit after an Israeli strike on Iran’s South Pars gas field.

Silver is down by 5.45%

Silver decreased 5.45% to 74.993 USD/t.oz

Silver Goes Lower After FOMC

Silver prices fell toward $76.9 per ounce on Wednesday as a hawkish hold from the Federal Reserve and upwardly revised inflation forecasts heightened the opportunity cost of holding non-yielding precious metals. This downward pressure follows the FOMC decision to maintain the federal funds rate at the 3.5%–3.75% target range while projecting only one rate reduction for 2026. While geopolitical instability intensified following airstrikes on Iranian energy infrastructure and the killing of intelligence minister Esmaeil Khatib, the Fed raised its 2026 Core PCE inflation forecast to signal a more restrictive long term policy path. Policymakers expressed concern that the closure of the Strait of Hormuz could trigger a structural energy shock to offset signs of a softening labor market. Consequently, silver remains vulnerable to elevated Treasury yields and a stronger dollar as investors weigh a 2.4% GDP growth projection against the persistent risk of stagflationary pressures.

Silver Falls to 1-Month Low

Silver fell toward $76.8 per ounce on Wednesday to trade at its lowest level in a month as hot US producer inflation and a stronger dollar overshadowed the safe haven appeal of escalating Middle Eastern tensions. This downward movement reflects a market grappling with a 0.7% surge in February wholesale prices that pushed Treasury yields higher and bolstered the greenback ahead of the Fed's policy decision. While geopolitical risks remain elevated following the killing of Iranian national security chief Ali Larijani and fresh strikes on Persian Gulf energy infrastructure, the rising opportunity cost of holding non yielding assets has forced a repricing of the interest rate outlook. Investors are now closely monitoring the FOMC dot plot and Chair Powell’s press conference to see if persistent price pressures will further delay anticipated cuts for 2026. Silver remains under pressure as the effective closure of the Strait of Hormuz tilts global inflation risks to the upside.

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Silver Price History

18.02.2026 - XAG Commodity was down 5.7%

• Silver prices faced downward pressure as investors awaited the US Federal Reserve policy decision and assessed inflation risks from the Iran conflict.
• Rising oil prices and heightened inflation concerns contributed to the bearish movement in the silver market.
• Despite geopolitical tensions and supply deficit projections supporting silver, the market lacked direction due to easing energy supply fears and expectations of a steady policy stance from major central banks.
• The ongoing Middle East conflict, volatile oil prices, and reduced expectations of interest rate cuts by central banks acted as headwinds for non-yielding precious metals like silver, leading to the bearish market movement.

18.02.2026 - XAG Commodity was down 5.2%

• Silver prices fell to a one-month low as the Federal Reserve's hawkish stance and revised inflation forecasts increased the opportunity cost of holding non-yielding assets.
• The escalating tensions in the Middle East, particularly in Iran, have heightened geopolitical risks but failed to support silver prices due to the stronger dollar and rising Treasury yields.
• Investors are closely monitoring the Fed's policy decisions and Chair Powell's statements regarding inflation risks from the Iran conflict to gauge the future trajectory of interest rates.
• Despite the safe-haven appeal of silver during times of geopolitical uncertainty, the current market dynamics, including elevated Treasury yields and a stronger dollar, have put downward pressure on the precious metal.

19.02.2026 - XAG Commodity was down 5.5%

• Silver dropped over 5% to around $75 per ounce.
• The market movement can be attributed to the hawkish signals from the US Federal Reserve, which indicated a reluctance to cut rates amidst rising inflation concerns.
• Additionally, surging oil prices due to geopolitical tensions in the Middle East added pressure on precious metals like silver, as investors turned towards higher-yielding assets.
• A stronger dollar, elevated Treasury yields, and concerns about global inflation risks contributed to the downward pressure on silver prices, pushing it to a 1-month low.

19.02.2026 - XAG Commodity was down 5.1%

• Silver prices dropped by 5.45% to $74.993 per ounce, hitting a 1-month low, as the Federal Reserve's hawkish stance and revised inflation forecasts increased the opportunity cost of holding non-yielding assets like precious metals.
• Geopolitical tensions in the Middle East, including airstrikes on Iranian energy infrastructure, were overshadowed by the Fed's decision to maintain interest rates and project only one rate reduction for 2026, leading to a stronger dollar and higher Treasury yields that pressured silver prices.
• The market's focus on the FOMC's policy decision and Chair Powell's guidance on inflation risks from the Iran conflict contributed to the downward pressure on silver, with investors reevaluating the interest rate outlook and anticipating a more restrictive long-term policy path.
• Despite escalating tensions in the Middle East and concerns about global inflation risks, silver remained vulnerable to elevated Treasury yields and a stronger dollar, highlighting the delicate balance between geopolitical uncertainties and monetary policy influences on precious metal prices.

19.02.2026 - XAG Commodity was down 11.8%

• Silver prices plunged over 10% to around $65 per ounce, hitting a multi-month low, driven by a combination of factors:
• Hawkish signals from central banks, including the US Federal Reserve, Japan’s BoJ, and the Bank of England, hinting at possible rate hikes and tightening monetary policies.
• Geopolitical tensions, particularly related to the Iran conflict, leading to market volatility and risk aversion.
• Surging oil prices, with Brent futures surpassing $110 a barrel due to attacks on energy infrastructure in the Middle East, increasing the appeal of oil over precious metals.
• The Fed's decision to hold rates steady and its revised inflation forecasts have raised concerns about the opportunity cost of holding non-yielding assets like silver, contributing to the downward pressure on prices.
• Market participants are closely monitoring economic indicators, inflation data, and central bank actions for cues on future rate movements, with the current outlook weighing heavily on silver's performance in the near term.

10.02.2026 - XAG Commodity was up 8.2%

• Silver climbed to around $89 per ounce in a bullish movement seen recently.
• The dollar's retreat, driven by hopes for a swift resolution to the Iran war, played a role in supporting this upward trend for silver.
• Concerns surrounding the ongoing Middle East conflict, particularly the US-Israeli war on Iran, increased interest in assets like silver as investors sought safe havens.
• Factors such as oil prices exceeding $100 per barrel and concerns about inflation and economic consequences of the conflict further fueled the positivity towards silver.

13.02.2026 - XAG Commodity was down 5.1%

• Silver dropped to around $84 per ounce today.
• Concerns about inflation have dampened expectations for Federal Reserve interest rate cuts, contributing to the decline in silver prices.
• Tensions in the Middle East, especially with Iran and its impact on oil prices and global inflation, have negatively affected silver's performance.
• The strengthening dollar and higher Treasury yields have further pressured silver, which is a non-yielding asset, leading to the bearish movement in the market.

13.02.2026 - XAG Commodity was down 5.3%

• Today's bearish movement in the silver market can be attributed to several factors:
• Unexpectedly weak US GDP data and downward revisions to Q4 2025 growth have raised concerns about economic deceleration, impacting industrial demand for silver.
• The strength of the US dollar as a safe haven asset amidst geopolitical tensions in the Middle East has weighed on non-yielding assets like silver.
• Rising inflation risks, particularly driven by surging oil prices and global uncertainties, have dampened expectations for Federal Reserve rate cuts, further bolstering the dollar and Treasury yields.
• Despite the decline, silver's overall performance this year, up more than 18%, indicates ongoing investor interest in the metal as a hedge against market volatility.

13.02.2026 - XAG Commodity was down 5.4%

• The bearish movement in the silver market is linked to the resurgent US dollar, which gained strength as investors sought safety amidst escalating geopolitical tensions, particularly in the Middle East.
• Fading expectations for interest rate cuts and the dollar's status as a safe haven asset have made non-interest bearing assets like silver less attractive to investors.
• The surge in crude oil prices above $100 per barrel has raised concerns about elevated consumer costs, further dampening the appeal of silver as a store of value.
• Despite the rebound past $84 per ounce, silver remains caught between its safe haven appeal and its vulnerability to broader economic deceleration, making it a challenging asset for investors to navigate in the current market environment.

04.02.2026 - XAG Commodity was down 5.9%

• Silver prices fell significantly today after a period of gains, as investors seemed to react to signs of potential de-escalation in geopolitical tensions.
• The retreat in silver prices could be attributed to the upcoming US-Iran nuclear talks and indications that US interest rates may not see immediate changes, reducing the immediate need for safe-haven assets like silver.
• The market movement might also reflect profit-taking by investors who had benefited from the recent surge in silver prices due to heightened geopolitical tensions.
• Overall, the bearish movement in silver today appears to be a response to shifting geopolitical dynamics and monetary policy expectations, leading investors to reevaluate their positions in the precious metal.

09.02.2026 - XAG Commodity was up 5.0%

• Silver prices experienced a bullish movement today, gaining over 2% and trading above $84 per ounce.
• The surge in silver prices can be attributed to ongoing Middle East hostilities, specifically the US-Israeli conflict with Iran, which raised concerns about a prolonged regional war and increased safe-haven demand for the metal.
• Additionally, the uncertainty surrounding the conflict, including disruptions in global energy supply and potential inflationary pressures, led investors to seek refuge in silver as a hedge against market volatility.
• Despite facing pressure from a stronger dollar and worries about rising energy costs impacting industrial demand, silver managed to rebound from its recent declines, showcasing its resilience as a valuable asset in times of geopolitical turmoil.

11.02.2026 - XAG Commodity was down 5.1%

• Silver experienced a bearish movement as tensions in the Middle East, particularly with Iran, escalated, leading to concerns about global inflation and economic disruption.
• The conflict in the Middle East, especially the surge in oil prices above $100 per barrel and disruptions in the supply chain, weighed heavily on silver prices.
• The fluctuation in silver prices was also influenced by the Federal Reserve's policy outlook, with expectations for interest rate cuts being scaled back due to inflation concerns stemming from the geopolitical situation.
• The dollar's performance, safe-haven demand, and expectations regarding central bank actions all played a role in the bearish movement of silver amidst the heightened geopolitical tensions in the Middle East.