Silver Spot
XAGUSDREFERENCEGold beta with industrial upside
Updated 2026-09-03T10:31:27.773Z
Live price
$29.12 ▲ +0.44%
Open
$29.00
High
$29.12
Low
$28.96
Prev Close
$28.99
Live Chart — TradingView
LIVESilver Spot confluence
NEUTRAL 63/100 BULLISH · MEDIUM confidence
0Neutral100
Biases
Macro BULLISH
Technical NEUTRAL
AI BULLISH
Supporting
- •Fed Policy — Fed funds 4.25% · stance 0.6
- •Real Yields — 10Y TIPS 1.52%
- •DXY — DXY 97.45 · down
Conflicting
- •Geopolitics reading 28 resists the bullish case
Invalidation
- •Real yields reverse against the thesis
- •Silver Spot loses key support/resistance
- •A surprise inflation or labour print flips the regime overlay
Key levels
Resistance
$30.10
$31.40
Support
$28.30
$27.20
Invalidation
$26.40
Character
Regime
reflation
Volatility
medium
Liquidity
medium
Sentiment
61/100
Positioning & narrative
Industrial demand + gold spillover
Solar + electrification demand provides an asymmetric tailwind.
AI view
Gold beta with industrial upside.
Events that can move Silver Spot
| Date | Event | Region | Imp. | Prev | Forecast |
|---|---|---|---|---|---|
| 4 Sept 13:30 | Nonfarm Payrolls — Sep | US | high | 165K | 150K |
| 10 Sept 13:30 | CPI YoY — Aug | US | high | 2.9% | 2.8% |
| 11 Sept 14:00 | FOMC Rate Decision (upper bound) | US | high | 4.25% | 4.00% |