Silver price prediction: XAG/USD recovery slows after 6% rebound amid U.S. PPI data

Silver price prediction: XAG/USD recovery slows after 6% rebound amid U.S. PPI data
Silver extended its rebound to $51.69

​Silver [XAG/USD] continued its short-term rebound on Tuesday, November 25, after starting the week on a strong note. Yesterday, Monday, the white metal recorded a gain of 3.4%, lifting it to $51.40. That followed last week’s recovery from a nine-day low at $48.63 to $50.10, which had temporarily paused the broader downtrend that began in mid-November.

- Silver extended its rebound to $51.69 after dovish Fed comments lifted investor sentiment.

- 20–50 EMA crossover near $50.65 signals improving short-term technical support structure.

- Traders watch $52.45 resistance as PPI data expected to decide near-term direction.

The broader trend remains bearish as silver has been forming lower highs and lower lows for nearly two weeks. However, the recent price action has carved out a countertrend recovery that brought the metal to a three-day high at $51.69 during Tuesday’s Asian session. This latest push marks a 6.34% rebound from last week’s low. 

Silver price dynamics (Nov 2025). Source: Tradingview

Traders interpreted recent comments from key Federal Reserve officials as a dovish tilt, prompting a broad shift in rate expectations and boosting interest in non-yielding assets such as silver. Importantly, the $51.69 high aligns closely with the 78.6% Fibonacci retracement level from the latest swing low, which has acted as a resistance zone and caused price to retreat slightly to $51.20 during the European session.

Silver 20–50 EMA crossover at $50.65 offers near-term support to ongoing recovery

Traders are anticipating the delayed release of the U.S. Core Producer Price Index (PPI) for October during today’s North American session. The data is expected to come in at 0.2%, following a prior reading of -0.1%. Since Core PPI excludes food and energy, it serves as a cleaner measure of inflation from the producer side. A reading above forecast would likely support the U.S. dollar and weigh on silver, while a weaker print could add momentum to silver’s recovery and open the path toward $52.45, the high of the previous swing low.

On the 4-hour chart, a technical crossover has formed as the 20 EMA has moved above the 50 EMA near $50.65, offering near-term support in case of further downside pressure. This technical setup, combined with the macro backdrop of rate cut speculation, keeps silver’s short-term bias tilted toward the upside.

That said, breaking through $52.45 would be critical for silver to shift the broader bearish structure. Until then, recovery rallies may continue to face strong resistance from short-sellers taking advantage of overbought levels near key technical thresholds.

We discussed how silver traded sideways between $49.70 and $50.70, reflecting weak volatility. EMA crossovers near $50.2 limited rebound strength through Monday’s sessions.

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