Silver $XAG Weekly Outlook
Week: February 9–15, 2026
After the sharp sell-off in early February, silver $XAG is entering a fragile but interesting phase. The panic move appears largely exhausted — now the market is testing conviction.
Paper silver remains under pressure as liquidity is still thin and speculative positioning hasn’t fully reset. However, the downside is becoming increasingly constrained by forces that don’t show up on price charts.
Physical premiums across Asia and the Middle East remain elevated, signaling that real demand never left. At the same time, inventories at major exchanges are not rebuilding, despite the recent price collapse. This is a classic divergence between paper price and physical reality.
For this week, silver $XAG is likely to trade sideways with sharp intraday volatility, especially around U.S. macro data. Any further dip is more likely to attract strategic buyers than trigger another cascade sell-off.
Bias for the week:
Short-term unstable, medium-term constructive.
Silver is not breaking down — it’s coiling.
The real move usually starts when the market gets boring again.
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This is a personal insights, not financial advice | DYOR
