Silver price forecast: XAG/USD seeks 4th daily gain as jobs data boost rate cut hopes

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27.11.2025

Silver price forecast: XAG/USD seeks 4th daily gain as jobs data boost rate cut hopes — Silver trades near $53.36

Silver [XAG/USD] is attempting to reclaim its bullish footing today, Thursday, November 27, after a mild dip in the Asian session was cushioned by the 20 EMA on the 1-hour chart at $52.7 per ounce. This rebound effort follows a strong three-day bullish streak that saw Silver rally from last week’s low of $48.65 to Wednesday’s peak of $53.36, driven by softer inflation data and improving labor market metrics.

- Silver trades near $53.36 after rebounding on the 20 EMA amid renewed rate-cut optimism.

- Market bets on December Fed cut intensified after better-than-expected jobless data.

- Traders assess $53.36 support as peace optimism challenges silver’s short-term safe-haven appeal.

The rally gathered momentum midweek following the latest U.S. Producer Price Index report, which reflected slower inflation, reinforcing expectations for a Federal Reserve rate cut in December. That sentiment was further supported by a stronger-than-expected jobless claims report showing only 216,000 unemployment filings compared to a 226,000 forecast. Lower inflation coupled with stronger labor market data is generally interpreted by markets as a signal that the Fed may ease monetary conditions sooner, weakening the dollar and boosting demand for non-yielding metals such as silver.

Silver price dynamics (Nov 2025). Source: Tradingview

Earlier in November, silver failed to breach the October record high of $54.4, retreating over 10% to a low of $48.65. That sharp correction left behind a technical double top at the all-time high, which currently serves as the key resistance in focus. Silver has since recovered most of that decline, and is now within distance of 1.75% from the October record high of $54.4

Silver sentiment tempered by optimism over Russia–Ukraine peace progress

However, price action is now testing the previous day's resistance at $53.36 as a near-term support. If bulls hold this level and regain control, silver could push for a fourth consecutive daily gain and possibly retest the $54.4 ceiling. But any downside break below $53.36 could expose intraday liquidity beneath the $52.7 Asian low. A failure to hold this zone would likely end the current bullish streak and redirect attention to the $52.46 support area, which acted as resistance during last week's recovery phase.

On the macro front, one potential challenge to silver’s safe-haven appeal today is optimism surrounding potential progress in Russia–Ukraine peace talks. Any confirmation of diplomatic resolution may reduce geopolitical hedging demand for silver and extend the current pullback in today’s session.In recent analysis, we discussed how silver rallied 4.5% for the week, rising above $52.20 on stronger bullish sentiment. Fed’s dovish tone and a weak PPI print drove renewed demand for the metal.

In recent analysis, we discussed how silver rallied 4.5% for the week, rising above $52.20 on stronger bullish sentiment. Fed’s dovish tone and a weak PPI print drove renewed demand for the metal.

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