Silver (XAG/USD)
Dual role: monetary metal + industrial demand (EVs, solar, electronics)
Live Price
Loading...
Silver's dual nature — what moves it
Hot CPI
Follows gold lower on rate hike fears
Cool CPI
Rate cut bets + risk-on lifts silver more than gold
Strong NFP
Rate expectations dominate; industrial demand muted
Strong PMI
Higher manufacturing activity boosts silver demand
FOMC Cut
Outperforms gold in dovish pivots — higher beta
FOMC Hike
Both monetary and risk-off channels pressure silver
EV/solar boom
Silver is critical in solar panels and EV batteries
Recession fears
Safe haven bid offset by industrial demand collapse
Gold-Silver Ratio
Watch the GSR (typically 70–90x). When gold rallies but GSR is high, silver may catch up faster. Silver tends to outperform gold in the later stages of a bull run and underperform in risk-off sell-offs.