Silver price prediction: XAG/USD extends rebound to $53.54 amid Fed easing signal
Silver [XAG/USD] extended its bullish momentum on Wednesday, October 15, reaching the $53 psychological level during the European session after rebounding from yesterday’s sharp profit-taking dip.
The metal is up 3.2% today, continuing its pattern of higher lows along the rising EMAs on the hourly charts, which has supported its uptrend for several weeks. The steady climb shows that the short-term correction that followed Tuesday’s decline was quickly absorbed by buyers as safe-haven demand stayed strong.
Highlights
- Silver gains 3.2% today as dovish Powell comments fuel dollar weakness and buying momentum.
- Rebound from $50.5 confirms buyer's defending trendline support across hourly and four-hour charts.
- Traders watch Empire State data for clues that could push silver beyond $53.54
Tuesday’s 5% pullback from the all-time high at $53.54 brought silver down to $50.5 before a swift rebound during the North American session. The 20 EMA on the 4-hour chart once again served as the launching pad for the recovery, confirming that traders are still respecting the trendline support. The bounce gained momentum after comments from Federal Reserve Chair Jerome Powell weakened the U.S. dollar and revived risk-hedging demand across metals.
Silver price dynamics (Sept - Oct 2025). Source: Tradingview
Powell, speaking at the National Association for Business Economics meeting in Philadelphia, stated that the Fed’s quantitative easing program is set to begin in the coming months. His remarks also highlighted how persistent tariffs are driving prices higher in an already fragile labor market. The market interpreted the tone as dovish, triggering a drop in the dollar index and prompting renewed inflows into silver and other precious metals.
Empire State Manufacturing Index reading could determine silver’s next move
Adding to the bullish pressure, investors are seeking protection from the economic fallout of the ongoing U.S. government shutdown and rising trade tensions between Washington and Beijing. These factors have magnified silver’s appeal as a store of value.
From a technical perspective, silver daily RSI shows overbought conditions, yet the 4-hour RSI remains in bullish territory and has not reached overbought status. This alignment leaves room for further gains in the short term. The pattern of higher lows supported by the 20 EMA indicates that buyers continue to defend every dip, reinforcing the trend’s strength.
Traders are now watching the Empire State Manufacturing Index due later today for fresh guidance. Any reading that points to worsening business conditions would likely weigh on the dollar and boost silver further. Unless data surprises to the upside, silver appears poised to set another record high above $53.54 before the day ends.
Recently, we discussed silver extending its eight-week rally near $51 as Fed Minutes boosted rate cut bets. Dollar strength failed to curb the advance, showing momentum driven by policy expectations.
Latest XAG/USD News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
