Silver price prediction: XAG/USD retests record high as November rally extends to 7th day

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Sholanke Dele

13.11.2025

Silver price prediction: XAG/USD retests record high as November rally extends to 7th day — Silver gained 2% to $54.40

Silver price surged to retest its all-time high on Thursday as the metal’s remarkable recovery gathered further strength. After spending the second half of October in a broad correction from the record high at $54.45, silver has now reclaimed all those losses within the first half of November. During the European session, the metal gained another 2% to reach $54.40, marking its seventh consecutive day of advance and reinforcing the strongest bullish run since mid-year.

- Silver gained 2% to $54.40, marking its seventh consecutive day of advance.

- AI-related industrial demand and Fed rate cut expectations strengthened silver’s mid-quarter momentum.

- Traders watch Fed officials’ comments for dollar impact as silver nears the breakout zone.

The continuous rally has lifted silver’s month-to-date gain to 12%, far outpacing gold’s 6% increase over the same period. The week-to-date performance also sits around 6%, signalling the persistence of strong buying pressure despite technically overbought readings. The 4-hour RSI has stayed above the 70 threshold since earlier this week, yet price action continues to push higher, suggesting robust momentum rather than exhaustion.

Silver price dynamics (June - Nov 2025). Source: Tradingview

Part of the strength in silver’s recovery has been supported by optimism around industrial demand tied to artificial intelligence infrastructure expansion. Growing investment in AI-related data centers and power systems has boosted sentiment toward metals used in electronics and renewable technologies, positioning silver as a key beneficiary. This fundamental backdrop has added to the momentum generated by expectations that the delayed U.S. macro data will reflect economic softness from the recent government shutdown.

Silver traders position for December rate cut as weaker data expectations grow

Traders now expect that weaker data could reinforce the case for a Federal Reserve rate cut in December, which would further support the non-yielding precious metal. Market-based expectations show that the probability of a December rate reduction has risen steadily this week, as investors anticipate that cooling inflation and slowing growth will push the Fed toward a more accommodative stance.

However, Federal Reserve officials remain divided on policy direction. Fed Governor Stephen Miran recently argued that monetary policy is currently too tight, citing easing housing inflation as a sign that broader price pressures are softening. In contrast, Atlanta Fed President Raphael Bostic stated on Wednesday that he prefers holding rates steady until there is clear evidence of inflation returning to the 2% target. Bostic also announced he will step down as president early next year, adding further interest to the evolving policy debate.

Traders will closely monitor upcoming comments from Fed officials, including Neel Kashkari, Alberto Musalem, and Beth Hammack, later today. Any hawkish tone could strengthen the U.S. dollar and temporarily weigh on silver prices. Still, the technical and fundamental backdrop remains supportive, and a sustained close above $54.40 would confirm a breakout toward new highs, solidifying silver’s leadership among precious metals this quarter.

We discussed how silver gained over 1% to $51.80, extending its five-day winning streak. The move followed weaker U.S. labor data that pushed traders to raise December rate cut odds to 67%.

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