Silver price prediction: XAG/USD extends two-day rebound as traders await Fed Minutes

Traders Union
All News
Financial News
XAG/USD investors await key U.S. data.

All news

Top Stories

Editors' Picks

Crypto

Financial News

Currencies

Market Voices

Companies

Regulators

Central Banks

Sholanke Dele

19.11.2025

Silver price prediction: XAG/USD extends two-day rebound as traders await Fed Minutes — Silver climbed 1.3% to 51.55

Silver [XAG/USD] advanced for a second consecutive day on Wednesday, November 19, as renewed safe-haven demand and easing concerns over U.S. economic strength lifted the metal above key technical levels. During the European session, silver peaked at 51.55, its highest level in three days, before stabilizing near 51.30 to register a 1.3% gain for the day. The rise builds on Tuesday’s rebound from the 49.5 support level, a zone that has held firm and coincided with the 20-day exponential moving average.

The recent recovery in silver is particularly notable because it is unfolding despite continued strength in the U.S. Dollar Index, which is extending its fourth day of gains. Typically, a stronger dollar weighs on commodities priced in the greenback, but this divergence reflects renewed investor preference for safe-haven assets amid lingering geopolitical and economic uncertainty.

- Silver climbed 1.3% to 51.55, marking its highest level in three days.

- Golden crossover at 50.8 reinforces bullish setup as traders await FOMC insights.

- Dollar strength fails to derail silver’s rally, supported by safe-haven buying.

From the fundamental side, the ongoing conflict between Russia and Ukraine continues to contribute to silver’s support as a defensive asset. On Tuesday, Ukraine confirmed that it used U.S.-supplied ATACMS missiles to strike military targets inside Russia. President Volodymyr Zelenskiy is also expected to visit Turkey to revive stalled peace discussions, though Moscow has stated it will not attend. The continued geopolitical strain keeps risk aversion elevated, which has typically benefited precious metals in times of uncertainty.

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

Beyond geopolitical developments, attention is shifting back to U.S. economic indicators following the government reopening. Investors are closely watching the long-delayed data releases, starting with the Federal Open Market Committee (FOMC) minutes later today, followed by Thursday’s Nonfarm Payrolls report. The tone of the minutes will provide clarity on how soon the Federal Reserve might consider adjusting its policy stance. Any dovish hints or signs of concern about economic momentum could weigh on the dollar and strengthen the case for further silver gains.

Silver 20 and 50 EMA crossover confirms renewed short-term bullish momentum

From a technical perspective, on the hourly chart, silver has broken above both the 20 and 50 EMAs, where a golden crossover was confirmed around 50.8. This area now acts as a near-term buy zone supporting further gains if momentum persists.

The daily chart shows declining traded volumes over the past two sessions, suggesting traders are holding back ahead of these macro releases. Silver’s daily relative strength index remains in bullish territory near 60, confirming that momentum favors further upside. If buyers sustain control above 50.8, the next resistance lies at 52.00, followed by the 54.40 double-top zone of last week’s peak. Conversely, a stronger dollar response to the FOMC minutes could trigger profit-taking, driving silver back toward the 50 psychological level. For now, silver’s steady ascent highlights renewed investor confidence in the metal’s resilience against a mixed macro backdrop.

We discussed how silver held near $51 after rejection from the $54.4 resistance. Traders shifted focus to Fed speakers to gauge timing of potential policy easing.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.