Crypto & Forex May 13, 2026 0 Comments

Silver’s Six-Day Surge Isn’t Just a Rally—It’s a Power Play Poised to Shatter $90 Resistance; Here’s What That Means for Your Portfolio

Silver’s been on quite the sprint lately — up six days straight, nudging past 1.3% gains, even as the looming shadow of US inflation hints that the Fed might just keep those interest rates stubbornly high. So here’s a thought: can silver keep shining bright when the financial bigwigs seem determined to hold the line on rates? Currently knocking on the $90 door but settling around $87.67 a troy ounce, this white metal is playing a high-stakes game—teetering between bullish momentum and the tough reality of an economic backdrop that’s anything but predictable. As investors, we have to ask: Is silver gearing up for a breakout or just catching its breath? Let’s dig into the technicals and see if those attempts to push past $89.50 mark the start of a new rally or a prelude to a pullback — because in markets like this, every tick tells a story. LEARN MORE

Silver (XAG/USD) price extends its gains for the sixth consecutive day on Wednesday, up over 1.30%, despite US inflation might prevent the Federal Reserve (Fed) from cutting interest rates. This suggests that rates would be higher-for-longer, yet the white metal closes into the $90.00 figure, trading at $87.67 a troy ounce at the time of writing.

XAG/USD Price Forecast: Technical outlook

From a technical standpoint, XAG/USD is neutral to upward-biased, with buyers attempting to challenge the $89.50 area for the first time since mid-March. Nevertheless, they fell short, as the white metal peaked at around $89.38 before recoiling beneath $88.00.

Momentum remains bullish, as indicated by the Relative Strength Index (RSI), which is closing into overbought territory, suggesting that bulls are gaining traction.

Should XAG/USD clear $89.50, it would open the door to challenging $90.00. On further strength, the next stop would be the March 2 high of $96.62, ahead of $100.00.

On the bearish side, Silver would shift neutral if it drops below the April 17 daily peak, which has since turned into support at $83.06. Below this area, the next area of interest would be the 100-day Simple Moving Average (SMA) at $81.11, followed by the 20-day SMA at $77.76, ahead of the 50-day SMA at $77.09. Beneath this area, the next stop would be the $70.00 figure.

XAG/USD Price Chart – Daily

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.