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

What is Silver?

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

Why is Silver going up?

XAG commodity is up 5.1% on Nov 28, 2025 17:05

• 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.

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Silver Surges to Record High

Silver extended its rally, approaching a record $55 per ounce amid mounting supply concerns and growing expectations of further Federal Reserve rate cuts. Chinese inventories have dropped to their lowest level in a decade following heavy shipments to London triggered by a supply squeeze, while China’s silver exports surged to an all-time high of more than 660 tonnes in October. On the policy front, markets now assign roughly an 85% probability to a third Fed rate cut in December, with three additional cuts anticipated by the end of 2026. Expectations have been reinforced by reports that White House National Economic Council Director Kevin Hassett is the leading contender for the next Fed chair, a choice seen as aligned with President Donald Trump’s preference for lower rates. Since October, silver has repeatedly tested record highs as global economic uncertainty, the prospect of looser monetary policy, and tightening physical supply have continued to strengthen demand.

Silver Hits 6-week High

Silver increased to 54.40 USD/t.oz, the highest since October 2025. Over the past 4 weeks, Silver gained 14.27%, and in the last 12 months, it increased 77.54%.

Silver Hovers Near Record Highs

Silver traded just below $53 per ounce on Thursday, hovering near record highs amid growing expectations that the US Federal Reserve will cut interest rates further. Markets now price in roughly an 85% chance of a 25 basis point cut in December, up sharply from about 30% a week ago, with three additional cuts anticipated by the end of 2026. Expectations were bolstered by reports that White House National Economic Council Director Kevin Hassett is the leading contender for the next Fed chair, a choice investors see as aligned with President Donald Trump’s preference for lower rates. Since October, silver has been testing all-time highs as global economic uncertainties, the prospect of lower interest rates, and tightening physical conditions have boosted demand for the precious metal.

Silver Climbs on Dovish Fed Bets

Silver rose toward $52 per ounce on Wednesday, hitting a near two-week high as soft US economic data reinforced expectations for a Federal Reserve rate cut in December. US retail sales rose less than expected in September, while consumer confidence tumbled in November, signaling cooling consumer spending after months of strong demand. Labor market signals also weakened, with ADP reporting that private employers shed an average of 13,500 jobs per week in the four weeks through November 8, a notable deterioration from earlier periods. Markets are now pricing in roughly an 84% chance of a 25 bps Fed cut next month, up from 50% a week ago. Reports also indicated that White House National Economic Council Director Kevin Hassett, who has previously argued that rates should be lower than current levels, is being considered the frontrunner for the next Fed chair.

Silver Nears Two-Week High

Silver climbed above $51.5 per ounce on Tuesday, reaching its highest level since mid-November, as a run of softer-than-expected US economic data reinforced expectations of a Federal Reserve rate cut in December. Retail sales rose only 0.2% in September, down from August’s 0.6% increase and below the forecast 0.4% gain. Labor market signals also weakened, with ADP reporting that private employers shed an average of 13,500 jobs per week in the four weeks to November 8, a notable deterioration from earlier periods. Expectations for monetary easing intensified after Fed Governor Christopher Waller on Monday backed a December rate cut, pointing to persistent labor-market softness. His remarks echoed recent comments from San Francisco Fed President Mary Daly and New York Fed President John Williams. Markets now assign more than an 80% probability to a 25-basis-point cut next month, up from around 40% just a week earlier.

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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.

09.09.2025 - XAG Commodity was down 1.3%

• Silver prices hit record highs recently, driven by strong safe-haven demand, tight supply, and concerns over US fiscal risks, lower interest rates, and global deficit levels.
• Despite the bullish trend in recent days, today's bearish movement could be attributed to profit-taking by investors after the significant price surge.
• The ongoing US government shutdown, geopolitical uncertainties, and expectations of rate cuts by the Federal Reserve may have also contributed to the market correction in silver prices.
• The long-term outlook for silver remains positive, with continued supply deficits projected in the coming years due to strong industrial demand and limited availability in the London market.

09.09.2025 - XAG Commodity was up 4.3%

• Silver surged above $50 per ounce, hitting record highs, driven by heightened political and economic uncertainties, safe-haven demand, and bets on US rate cuts.
• The prolonged US government shutdown, global uncertainties, and expectations of Fed rate cuts fueled the demand for safe-haven assets like silver.
• Strong industrial demand from sectors like solar and electronics, coupled with a global supply deficit projection, further supported the bullish movement in silver prices.
• Profit-taking and a firmer yield backdrop led to a slight retreat from the multi-year high, showcasing the influence of yield-sensitive capital and market dynamics on silver's price movements.

13.09.2025 - XAG Commodity was up 5.3%

• Silver soared to a new all-time high above $51 per ounce due to renewed US-China trade tensions, political instability, and expectations of further US rate cuts, which fueled demand for safe-haven assets.
• The metal's rally was further supported by ongoing geopolitical worries, including the US government shutdown, political turmoil in France, and leadership uncertainty in Japan, which added to the overall demand for silver as a hedge against market volatility.
• Additionally, supply constraints in the London market and expectations of silver demand outpacing supply for the fifth consecutive year in 2025 contributed to the bullish momentum in silver prices.
• The combination of these factors, alongside silver's role in both investment and industrial applications, such as in solar panels and wind turbines, propelled silver to hit record highs and maintain its upward trajectory, outperforming gold and signaling a positive outlook for the precious metal.

14.09.2025 - XAG Commodity was up 0.5%

• Silver soared to new record highs above $50 per ounce due to a historic short squeeze and liquidity concerns in London, driving traders to scramble for physical supply globally.
• Renewed US-China trade concerns, political instability, and expectations of further US rate cuts fueled demand for safe-haven assets like silver, pushing prices higher.
• Ongoing geopolitical worries, such as the US government shutdown, political turmoil in France, and leadership uncertainty in Japan, added to the metal's rally as investors sought refuge in precious metals.
• The combination of strong safe-haven demand, persistent supply constraints, and expectations of a Federal Reserve rate cut further supported silver's upward trajectory, with the metal on track for its eighth consecutive weekly gain.

21.09.2025 - XAG Commodity was down 5.4%

• Prices of silver dropped by around 4-5% from recent peaks as investors opted to take profits after a rapid increase.
• The downward trend was influenced by a more positive risk outlook, shaped by indications of potential progress in US-China trade negotiations and optimism for a resolution.
• Anticipation of a forthcoming Federal Reserve rate reduction alongside robust corporate earnings played a role in the shifting market landscape, pushing investors towards equities.
• The tight liquidity situation in London's silver market and strong consumer demand in India weighed on the supply-demand balance, placing added pressure on silver prices in light of broader market trends.

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.

17.09.2025 - XAG Commodity was down 5.4%

• Silver prices fell over 4% from a record high as risk appetite improved and investors shifted back into equities following attempts to ease US-China trade war fears.
• The pullback in silver prices was also influenced by turmoil in US regional banks disclosing loan fraud issues, raising concerns about financial stability and leading to a broader market sell-off.
• Despite the bearish movement, silver remains up more than 3% for the week, supported by geopolitical tensions, rising US debt, expectations of more Federal Reserve rate cuts, and a liquidity crunch in the London silver market.
• The overall market sentiment towards silver was impacted by a combination of factors including global supply crunch, safe-haven demand, geopolitical risks, and concerns over government spending and debt, contributing to the metal's recent volatility.

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.

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.