Part precious metal, part industrial metal (solar panels, electronics). Follows gold, but with much bigger swings.
Based on front-month COMEX silver futures, which usually trade a little above spot silver. Percentage moves line up closely with a CFD price; exact levels can differ a little.
| 20-day average | 63.958 |
| 50-day average | 63.903 |
| 200-day average | 72.629 |
Price is below its 50-day average, and the 50-day is below the 200-day: the textbook definition of a downtrend. In the shorter term, price is below its 20-day average.
XAG/USD is 20% of the way from its 12-month low to its 12-month high. A typical day covers about $1.44, which is worth knowing before you set a stop: much tighter than that and normal daily noise can take you out.
From front-month COMEX silver futures, which usually trade a little above spot silver. Your broker's CFD price can sit a little above or below these, so treat them as zones rather than exact prices. We tested whether pivots hold more often than random levels: they don't →
| Previous high | 61.050 |
| Previous close | 60.725 |
| Previous low | 60.725 |
| Pivot R1 | 60.942 |
| Daily pivot | 60.833 |
| Pivot S1 | 60.617 |
| This week's open | 61.385 |
What usually drives XAG/USD: The same things as gold, plus industrial demand. Its smaller market means moves in either direction are often exaggerated.
| VIX (fear gauge) | 15.31 · normal · +0.44 on the week |
| US 10-year yield | 5.28% · +9bp on the week |
| US dollar index | 101.93 · +0.96 on the week |
What the big speculators hold, from the weekly CFTC Commitments of Traders report.
| Net position (COMEX silver futures) | +22,083 contracts |
| Change on the week | −3,361 |
| Share of open interest | +20.6% |
| Where that sits over 3 years | 7th percentile |
Large speculators are net long as of Tue 29 Sep. That's near the bottom of its 3-year range, sometimes read as a crowded trade. COT reports →
Scheduled US data and speeches from the Satdish economic calendar.
No scheduled events in the calendar right now.