Silver Price Forecast: XAG/USD drifts below $70.00 as hopes of ceasefire in Middle East wane
Silver Price Forecast: XAG/USD holds gains near $72.00 due to Middle East peace hopes
Silver prices are showing remarkable resilience, holding a firm floor above $70 despite Iran's rejection of a 15-point proposal from the Trump administration. While momentum has stalled at the $74.50 resistance, the lack of a sell-off suggests “headline fatigue” has set in.
Silver flash-crashed 44% from its January high in a single week. What the price chart didn't show was happening inside the delivery system.
Silver pauses recovery as US-Iran ceasefire optimism fades
Silver gapped higher on Wednesday, as rates in the US started to drop. With the hope of peace talks, energy-driven inflation will be a possible concern.
Silver market rebounds from half of its record high, with price prediction turning constructive as value buyers replace momentum traders near key support.
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD extends recovery above $74 amid optimism on Mideast ceasefire
Gold and silver rebound as a weaker US dollar and lower oil prices support demand and improve sentiment, but the outlook remains dependent on Federal Reserve policy, dollar direction, and geopolitical risks.
Silver (XAGUSD) reached an all-time high of $121.64 on January 29, 2026, before entering a larger corrective phase. The decline has unfolded as a zigzag Elliott Wave structure, a common corrective pattern in technical analysis.
Risk appetite has improved noticeably following the 15-point peace plan put forward by the Americans to Iran earlier today, helping drive a sharp rally in silver. While Tehran is unlikely to agree to it in its current form, markets are treating it as a signal of de-escalation rather than a stalling tactic, at least for now.