Silver Price Analysis: XAGUSD Hits Record Highs (Up 130% in 2025)

Silver Price Hits Record High

Silver (XAGUSD) has surged 4.25% today, reaching a new high of $66.88. This rise is attributed to a "perfect storm" of falling interest rates, structural supply deficits, and booming industrial demand, particularly in EVs and solar energy. The year-to-date increase for 2025 has reached 130%.

Technical Trend Focus

The current bullish trend remains intact as long as prices stay above the 100-hour moving average at $63.84. A break below this level could increase selling pressure, especially if the $62.70 trendline is breached, signaling a potential technical shift.

Fundamental Drivers

Silver's demand is being bolstered by the rapid growth in industrial sectors like EVs and solar energy. Additionally, rising central bank interest in "hard assets" supports precious metals broadly. Continued momentum will depend on these fundamental factors remaining favorable.

Key Levels

Short-term focus should be on the $63.84 level for the 100-hour moving average. Falling below this line could indicate a trend reversal. The $62.70 support level should also be monitored. As long as these levels hold, the upward momentum is expected to continue.