Silver Price Forecast: XAG/USD sinks to lowest level since November near $51.00

• A third consecutive day of selling sends Silver to a new year-to-date low on Friday.
• Technical signals remain bearish, supporting a continuation of the downtrend.
• Oversold RSI readings nevertheless signal the risk of a corrective recovery.

Down around 1.25% on the day, Silver (XAG/USD) is trading near $51.50-$51.55 after a modest recovery from the $51.00 area. Earlier in Friday’s Asian session, the metal reached its lowest level since November 2025 as its decline extended into a third consecutive day.

A descending parallel channel has contained the decline over roughly the past month, indicating an established bearish trend. Momentum indicators also suggest that sellers retain control, although overstretched conditions leave scope for short-term corrective rebounds.

At 27.21, the Relative Strength Index (RSI) is in oversold territory, while the Moving Average Convergence Divergence (MACD) remains below zero. Any recovery above $52.00 is therefore likely to encounter renewed selling around $52.50-$52.55, which should in turn limit XAG/USD near $53.00.

Should the metal hold above that last level, further short-covering could carry it beyond $54.00 towards the channel’s upper boundary near $54.52. Next comes the 50-period SMA at $54.76; XAG/USD would have to regain this level to create scope for a more durable recovery.

Conversely, a move below $51.00 would leave the metal exposed to a faster decline towards the psychological $50.00 level. It would also bring into view the channel’s lower boundary at $49.07, a more significant support level. A sustained breach of that floor should clear the way for further losses.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

XAG/USD on the 4-hour chart