Falling energy prices ease inflation worries and support silver's rebound from lows, but high real rates and a firm dollar still cap gains.
Silver (XAG/USD) Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
Technical score
Short-termdays to 2 weeks
Bearishstrong
Medium-termweeks to months
Bearishstrong
Long-termmonths and beyond
Bearishstrong
What drives the technical score
Short-termdays to 2 weeks：Bearish
- Intraday view is bearish
- Price below the 20-day average
- Daily RSI 32, weak momentum
- Daily MACD below its signal line
- 5-day down 5.7%
Medium-termweeks to months：Bearish
- Daily view is bearish
- Price below the 50-day average
- 20-day average below the 50-day
- 20-day down 11.5%
- Daily MACD below zero
Long-termmonths and beyond：Bearish
- Price below the 40-week average
- 10-week average below the 40-week
- 6-month down 28.5%
- Weekly MACD below its signal line
- Weekly RSI 37, weak momentum
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
Silver (XAG/USD) 30 MINActive since Oct 23, 2026 10:00 UTC+8
Silver (XAG/USD): Bearish below the pivot
Target level↓ 52.511
Pivot level55.093
Resistance55.979
Our preference
Below 55.093, look for a move towards 52.511.
Alternative scenario
Above 55.093, expect 55.979 and 56.506.
Comment
As long as price stays below the pivot, the downside structure remains intact. RSI is at 39 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 56.506 |
| Resistance 2 | 55.979 |
| Pivot | 55.093 |
| Price | 53.856 |
| Support 1 | 52.511 |
| Support 2 | 51.992 |
| Support 3 | 51.472 |
Silver (XAG/USD) DAILYActive since 2026-06-15
Silver (XAG/USD): Target level as a potential turning point
Target level↓ 51.027
Pivot level78.522
Resistance91.475
Our preference
Below 78.522, look for a move towards 51.027.
Alternative scenario
Above 78.522, expect 91.475 and 99.186.
Comment
Price is approaching our first target at 51.027, which may trigger a pullback; a clear break below it would open the way to 43.592. RSI is at 34 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 99.186 |
| Resistance 2 | 91.475 |
| Pivot | 78.522 |
| Price | 53.856 |
| Support 1 | 51.027 |
| Support 2 | 43.592 |
| Support 3 | 36.158 |
AI market story
Updated 2026-10-28 12:48 UTC+8Silver stays bearish as daily RSI falls to 32
Silver trades at 53.965, up 1.13% on the day but down 5.73% over five days and 11.46% over twenty, inside a 52.659 to 62.084 range. Daily RSI has slipped to 32, MACD sits below its signal line, and price is under the 20-day average of 57.793 and 50-day of 62.461.
What you should know
Price journey: up or down lately?
It is up recently: price is 53.965, a 1.13% gain on the day. The bigger picture is still weak, with a 5.73% drop over five days and 11.46% over twenty, so this looks like a low-level bounce.
Trend: which way is the bigger picture pointing?
The main direction is down. Price sits below the 20-day average of 57.793 and the 50-day of 62.461, and the short-term and medium-term views are both bearish, with the long-term bias bearish too.
Momentum: gaining or losing strength?
Momentum is fading. Daily RSI fell from 40 five days ago to 32, MACD is below its signal line and the histogram is little changed, so downside momentum persists though the slide may be slowing.
Key levels: which prices matter next?
Watch the 55.093 pivot first; below it the bias stays bearish, with targets at 52.511 and 51.992. The first level against the view is 55.979, while the lower Bollinger band at 52.556 and the 20-day low of 52.659 are supports to note.
Patterns: what is forming on the chart?
A bearish flag is forming on the 15-minute chart, pointing lower with a pattern target of 53.833 and an invalidation at 54.241. The intraday view is also bearish around the 55.093 pivot and remains in progress.
Silver bounces off yearly low but structure stays weak
Spot silver hit a yearly low of 52.66 before rebounding to 54.361, up 0.74% on the day. Coverage centers on the low-level repair ahead of the Fed decision, while noting the bounce is still capped by a weak structure, leaving the news tone neutral overall.
What you should know
What is the market talking about?
The market is discussing silver's rebound from a yearly low of 52.66, with spot at 54.361 and up 0.74% on the day. Attention is also on positioning before the Fed decision and on easing energy pressure supporting the recovery.
Is the news flow positive or negative?
The tone is neutral. The rebound itself is a supportive signal, but reports stress that it is still constrained by a weak structure, so the two forces offset each other without a clear directional message.
How could this news affect the price?
This news reads as a short-term stabilization theme that can help price steady near 52.66, but the weak structure caps the upside. The next move is more likely to be driven by events such as the Fed decision.
Fed decision and PCE set to widen silver swings
The key event is the FOMC decision at 02:00 on 10-29, with the lower bound expected at 3.75 and upper at 4; silver has averaged 1.59 dollars of movement in the four hours after, up to 6.14, about 2.8 times normal. Core PCE at 20:30 is expected at 0.3, with average moves of 1.35 dollars.
What you should know
What is coming up on the calendar?
At 02:00 on 10-29 come the FOMC lower and upper rate decisions, expected at 3.75 and 4. At 04:30 and 05:00 are the Google and Microsoft earnings calls. At 20:30 are September core PCE month-on-month, expected 0.3 versus 0.2 prior, and Q3 annualized GDP, expected 3 versus 2.2 prior.
How much do these events usually move the price?
The FOMC decision matters most: over the past 16 releases silver averaged 1.59 dollars in the following four hours, up to 6.14, about 2.8 times normal, with only 31% closing higher. Core PCE averaged 1.35 dollars, up to 5.00, about 1.1 times normal; GDP averaged 1.36 dollars, up to 5.00.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
Daily downtrendsince 2026-09-14
Short trailing stop59.078
Distance from price8.84%
Silver (XAG/USD) is below its daily short trailing stop. Short positions can reference 59.078 (8.84% away); it only moves down. A daily close above 59.078 signals the trend is strengthening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is below the 20- and 50-day moving averages, a weak medium-term structure.
- Daily RSI is 32, soft momentum.
- Daily MACD is below its signal line; daily momentum is down.
- Price is inside the daily Bollinger Bands (52.535 to 63.040).
Related economic events this week
| 10-27 22:00 | United States Oct Richmond Fed Manufacturing IndexAfter 23 past releases, Silver (XAG/USD) moved $0.94 on average in 4 hours · max $4.48 | -2 |
| 10-27 22:00 | United States Oct Conference Board Consumer Confidence IndexAfter 24 past releases, Silver (XAG/USD) moved $0.91 on average in 4 hours · max $4.48 | 91.7 |
| 10-29 02:00 | United States FOMC Rate Decision (Lower Bound) HighAfter 16 past releases, Silver (XAG/USD) moved $1.59 on average in 4 hours (2.8× normal) · max $6.14 | 3.75 |
| 10-29 02:00 | United States FOMC Rate Decision (Upper Bound) HighAfter 16 past releases, Silver (XAG/USD) moved $1.59 on average in 4 hours (2.8× normal) · max $6.14 | 4 |
| 10-29 04:30 | United States Alphabet Q3 Earnings Call High | — |
| 10-29 05:00 | United States Microsoft Q3 Earnings Call High | — |
| 10-29 20:30 | United States Sep Core PCE Price Index MoM HighAfter 23 past releases, Silver (XAG/USD) moved $1.35 on average in 4 hours · max $5.00 | 0.3 |
| 10-29 20:30 | United States 3Q Real GDP Annualized QoQ Prelim HighAfter 23 past releases, Silver (XAG/USD) moved $1.36 on average in 4 hours · max $5.00 | 3 |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for Silver (XAG/USD)
SentimentNeutral 46
Last 24h3 stories
Last 7 days12 stories
7-day sentiment
Spot silver rebounded from its yearly low on easing Middle East tensions and lower oil, though a stronger dollar capped gains.
Falling oil eases inflation pressure, but silver's bearish moving-average structure persists after breaking an 11-month low.
Heraeus says gold is pulled between high oil prices and falling Treasury yields, while Fresnillo silver output is set to decline.
Silver's two-week decline is more than double gold's, with markets watching whether the 50 dollar level can hold.
Middle East tensions lift oil and revive inflation worries as markets await Fed signals, with silver trading near its yearly low.
Trade signals for Silver (XAG/USD)
Short-term Signals 30-minute · held a few hours to a day
| Signal time | Bias | Entry | Status | R |
|---|---|---|---|---|
| Oct 23, 2026 10:00 | Bearish | 54.324 | Closed at time limit | +0.44 |
| Oct 13, 2026 09:00 | Bearish | 60.407 | Closed at time limit | +1.10 |
| Oct 06, 2026 11:00 | Bearish | 61.215 | Half profit, rest at break-even | +0.17 |
| Oct 01, 2026 17:00 | Bearish | 60.862 | Closed at time limit | +0.08 |
| Sep 18, 2026 15:30 | Bullish | 66.403 | Half profit, rest at break-even | +0.19 |
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
No recent swing signals for Silver (XAG/USD).
Chart patterns in play for Silver (XAG/USD)
No active 15-minute to 4-hour patterns for Silver (XAG/USD) right now.
FAQ
Where are Silver (XAG/USD) support and resistance levels today?
Intraday resistance: 55.093, 55.979, 56.506. Support: 52.511, 51.992, 51.472. Pivot: 55.093 (updated Oct 28, 2026 14:34 UTC+8).
Is Silver (XAG/USD) bullish or bearish now?
Intraday: bearish. Short-term (daily): bearish. Bearish below 55.093, targeting 52.511 and then 51.992.
How has Silver (XAG/USD) been trading lately?
Silver stays bearish as daily RSI falls to 32. Silver trades at 53.965, up 1.13% on the day but down 5.73% over five days and 11.46% over twenty, inside a 52.659 to 62.084 range. Daily RSI has slipped to 32, MACD sits below its signal line, and price is under the 20-day average of 57.793 and 50-day of 62.461.
How do I read the Silver (XAG/USD) technical score?
Currently short-term bearish, medium-term bearish, long-term bearish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on Silver (XAG/USD)?
Silver (XAG/USD) is below its daily short trailing stop. Short positions can reference 59.078 (8.84% away); it only moves down. A daily close above 59.078 signals the trend is strengthening.
Which economic events matter for Silver (XAG/USD) next?
Fed decision and PCE set to widen silver swings. The key event is the FOMC decision at 02:00 on 10-29, with the lower bound expected at 3.75 and upper at 4; silver has averaged 1.59 dollars of movement in the four hours after, up to 6.14, about 2.8 times normal. Core PCE at 20:30 is expected at 0.3, with average moves of 1.35 dollars.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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