
A new yearly low of $53.03 confirms that XAG/USD’s bearish trend remains intact.
Persistent selling pressure brings the RSI close to oversold levels.
Below $53.00, the downside targets are $50.00, then $48.64 and $45.56.
A fresh yearly low of $53.03 marked a further leg down for Silver on Friday, with prices losing over 1%. The decline leaves sellers in a position to test $50.00 in the foreseeable future. XAG/USD is trading close to $54.00 at the time of writing.

Further declines look likely following Silver’s new yearly low. As XAG/USD moves lower, the bearish Relative Strength Index (RSI) is nearing oversold territory, signalling that sellers are growing stronger.
Initial support stands at $53.50, below which the year-to-date low of $53.05 comes into focus, ahead of $50.00. Further down, attention turns to the swing low of $48.64 recorded on 21 November 2025, followed by the 28 October 2025 swing low at $45.56.
A move above $55.00 is needed for Silver to reverse its bearish course. Beyond that threshold, the 22 October high at $58.02 would be the next target, with the $60.00 milestone thereafter.

Long used as both a store of value and a means of exchange, Silver is a precious metal actively traded by investors. It is less popular than Gold, but traders may choose it for portfolio diversification, its intrinsic value or its potential to provide a hedge when inflation is high. Exposure can be obtained by purchasing physical Silver coins or bars, or by trading instruments such as exchange-traded funds that follow its price in international markets.
A broad range of influences can drive Silver prices. Its safe-haven status means geopolitical unrest or concerns about a severe recession can lift prices, although this effect is less pronounced than for Gold. Lower interest rates also tend to support Silver, which pays no yield. Because the metal is denominated in US dollars (XAG/USD), movements in the US Dollar (USD) matter too: dollar strength generally restrains Silver prices, while a weaker dollar is likely to push them higher. Investment demand, recycling rates and mining supply also play a part, with Silver far more abundant than Gold.
Among metals, Silver has one of the highest levels of electrical conductivity, exceeding both Copper and Gold. This makes it widely used in industry, notably in electronics and solar energy. Prices can rise when demand surges and tend to fall when it weakens. Economic developments in the US, China and India can also cause price fluctuations. Large industrial sectors in the US and, especially, China consume Silver in a variety of processes, while Indian consumers’ demand for Silver jewellery is another important influence on prices.
Gold’s price movements are generally mirrored by Silver. Their similar standing as safe-haven assets means a rise in Gold typically brings a corresponding increase in Silver. To assess their relative valuations, investors may use the Gold/Silver ratio, which measures how many ounces of Silver equal the value of one ounce of Gold. A high reading may be interpreted by some investors as a sign that Silver is undervalued or Gold overvalued. A low reading, by contrast, might indicate that Gold is undervalued compared with Silver.