Silver ($XAG) Commodity Forecast: Down 5.4% Today

What is Silver?

Silver is a precious metal known for its dual role as a store of value and an industrial component. Today, the silver market experienced a strong bearish movement, with prices declining significantly.

Why is Silver going down?

XAG commodity is down 5.4% on Mar 13, 2026 19:41

• 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.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Goes Sharply Negative

Silver prices retreated over 4% toward $80 per ounce on Friday as a resurgent US dollar amid fading expectations for interest rate cuts overshadowed the traditional appeal of precious metals. The dollar strengthened as investors sought safety after the United States military announced its largest wave of strikes yet against Iranian targets following the continued blockade of the Strait of Hormuz. While geopolitical instability typically drives demand for silver the prospect of slower economic growth and persistent inflation has limited its role as a store of value as investors favor the US dollar. Market participants have effectively removed expectations for multiple interest rate cuts in 2026 as crude oil prices climbing above $100 per barrel threaten to keep consumer costs elevated. This shift in monetary outlook makes non-interest bearing assets like silver less attractive compared to the safety of the greenback.

Silver is down by 5.06%

Silver decreased 5.06% to 79.577 USD/t.oz

Silver Rebounds After Unexpectedly Weak US GDP

Silver prices rebounded past 84 dollars per ounce on Friday as market participants balanced cooling domestic economic growth against the persistent strength of the US dollar. Despite recent downward revisions to Q4 2025 GDP growth to 0.7% and a slowing annual PCE inflation rate of 2.8%, the dollar remains elevated as a safe haven amidst ongoing geopolitical tensions in the Middle East. This strengthening of the greenback, coupled with the postponement of Federal Reserve rate cut expectations to September, continues to provide a headwind for non yielding assets. While the rebound past 84 dollars suggests underlying support, the white metal remains caught between its dual identity as a store of value and an industrial component vulnerable to broader economic deceleration. Investors continue to monitor energy price volatility and its potential to stoke further inflationary pressure, even as recent data suggests a more temperate consumer spending environment.

Silver Set to End Week Flat

Silver rose to around $85 per ounce on Friday after sliding for two straight sessions, but remained on track to end the week largely unchanged as the dollar strengthened amid Middle East uncertainties and surging oil prices. Defiant rhetoric from leaders in Tehran and Washington indicated that the Iran war remains far from de-escalation after nearly two weeks of fighting. Oil prices also jumped after Iran’s new supreme leader, Mojtaba Khamenei, pledged to keep the Strait of Hormuz effectively closed while Tehran intensified attacks on regional oil and transport facilities. Rising inflation risks prompted markets to push back expectations for the next Federal Reserve rate cut from July to September. Investors now await January’s PCE price index, the Fed’s preferred inflation gauge, for updated insights on price trends, though it will not reflect the impact of the Iran war.

Silver Holds Above $86

Silver climbed above $86 per ounce on Thursday as investors balanced safe haven demand stemming from the escalating Middle East conflict against a strengthening dollar and higher Treasury yields. While liquidations from margin calls on falling equities create volatility across precious metals the geopolitical risk premium remains a critical support factor. February consumer price data confirmed persistent inflationary pressures and this has combined with surging oil prices to dampen market expectations for imminent Federal Reserve interest rate cuts. The jump in ten year Treasury yields to a five week high creates a challenging environment for non yielding assets but institutional interest continues to act as a floor for prices. Traders are now focusing on the upcoming personal consumption expenditures index to gauge if the current inflationary trend will force a permanent shift in central bank policy or if these pressures will prove to be temporary.

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Silver Price History

20.01.2026 - XAG Commodity was up 5.4%

• Geopolitical tensions, particularly between the US and Iran, contributed to the bullish movement as investors sought safe-haven assets like silver.
• The closure of major Asian markets due to the Lunar New Year holidays led to thin trading volumes, potentially exaggerating price movements in the commodity.
• Speculative activity among Chinese traders in the past had a significant impact on silver prices, and the current subdued trading volumes may have amplified the bullish momentum.
• The uncertainty surrounding US economic releases and Federal Reserve policy also played a role in driving investors towards precious metals like silver as a hedge against inflation and interest rate hikes.

02.02.2026 - XAG Commodity was down 5.6%

• The bearish movement in the silver market today can be attributed to progress in US-Iran nuclear negotiations, which may have reduced safe-haven demand for precious metals like silver.
• The indication that US interest rates could remain steady for some time might have led investors to seek higher-yield assets, pulling funds away from silver and contributing to its decline.
• Despite the retreat, silver's overall bullish trend in recent days was driven by escalating geopolitical tensions in the Middle East, particularly between the US, Israel, and Iran, which had boosted safe-haven demand for silver as a store of value.

13.01.2026 - XAG Commodity was down 8.2%

• Silver dropped nearly 10% to below $76 per ounce today due to a broad-based liquidation wave in financial markets.
• The selloff was driven by forced selling of precious metals to raise cash, with investors also selling off assets like equities and cryptocurrencies.
• The decline was not tied to rate repricing but rather to liquidity stress and rapid position unwinding after an extended rally, showing the market's volatility.
• Despite expectations of softer CPI data and potential Federal Reserve rate cuts later in the year, immediate flows were dominated by deleveraging, highlighting the impact of market dynamics on silver prices.

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.

27.01.2026 - XAG Commodity was up 5.9%

• Prices of silver rose to approximately $90 per ounce, marking a second consecutive weekly increase. This surge was primarily influenced by uncertainties surrounding US tariffs and escalated geopolitical risks.
• The rally in the price of silver was bolstered by apprehensions related to the US government's tariff strategies, which included the potential enforcement of a new 10% global tariff that might be raised to 15% for specific nations, impacting trade agreements.
• Heightened geopolitical tensions, such as the pending US-Iran nuclear discussions and a notable US military presence in the Middle East, further enhanced silver's appeal as a safe-haven asset, despite a shift in the Federal Reserve officials' tone towards interest rates.
• The recent market movements underscore the sensitivity of silver to worldwide economic and political developments. Investors are diligently monitoring trade policies, geopolitical talks, and monetary policy cues to navigate future price trends.

01.02.2026 - XAG Commodity was up 6.4%

• Silver prices surged due to renewed safe-haven demand driven by escalating tensions in the Middle East, particularly after US and Israel's attacks on Iran.
• Geopolitical risks, uncertainties surrounding US tariffs, and a hawkish shift among Federal Reserve officials all contributed to the bullish movement in silver prices.
• The metal's gains were supported by ongoing US-Iran nuclear talks, concerns about US trade policy, and a weaker dollar, which increased demand for safe-haven assets like silver.
• Despite some pullbacks, silver held onto its gains, remaining near its highest levels in a month, as investors maintained a cautious tone amid geopolitical developments and policy uncertainties in Washington.

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.