Silver Price Forecast: XAG/USD breaks $55 as bears target $50

Silver price sinks over 5% on Thursday as investors seeking yield bought US Treasuries. Although this tumbled US Treasury yields, the white metal failed to gain traction due to rising energy prices and a strong US Dollar. The XAG/USD trades at $54.85.

XAG/USD Price Forecast: Technical Outlook

Price action shows that the downtrend resumed after Silver breached the October 15 daily low of $55.38, exposing the next support level, the psychological $55.00 mark.

The Relative Strength Index (RSI) is bearish and approaches oversold territory, an indication that further downside is expected.

If XAG/USD surpasses $54.50, the next stop is $50.00. Below, the next area of demand is the November 21, 2025 swing low of $48.64, before the precious metal challenges the October 28, 2025 swing low of $45.56.

For a bullish reversal, Silver must climb above $55.00. Once hurdled, the next stop is the day’s high at $58.02, followed by the $60.00 milestone.

XAG/USD Price Chart – Daily