Silver (XAG) slipped to $48.77 on Nov 13, 2026, as Treasury yields hit 5.17% and the dollar neared 103.54, testing long‑term support around $47.5.

Silver (XAG) fell to $48.77 on Nov 13, 2026, as higher Treasury yields, a strong U.S. dollar and lingering Fed rate‑hike expectations squeezed the metal. The drop placed the market in front of several long‑term support zones, making the next few sessions critical for traders watching technical thresholds.

Price action and immediate technical picture

Spot XAGUSD closed down $1.29, or 2.58%, while the December Comex contract settled at $49.12, a 1.89% decline. Both broke recent lows – the spot bottom at $48.62 and the Comex low at the same level – confirming a downtrend on the daily swing chart. The chart shows a bearish bias as lower tops and lower bottoms persist.

Key technical levels include a pivot at $49.35, resistance at $50.22 and the first support (S1) at $47.91. More importantly, long‑term support is mapped at $47.74, $47.50 and a deeper floor at $43.61. A break below $45.55, the October 2025 main bottom, could open the path to a $41.14 trough.

Drivers behind the sell‑off

The primary catalysts were a rise in the 10‑year Treasury yield to 5.172% and a firming U.S. dollar. The dollar index breached its recent swing top at 102.945 and approached the longer‑term ceiling of 103.540, keeping pressure on precious metals that are priced in dollars.

Fed‑watch data showed traders still pricing a December rate hike after a hot CPI report earlier in the week. Producer price inflation for October rose 0.3% month‑over‑month, with the annual rate climbing to 6.5%, reinforcing expectations of tighter monetary policy.

Read also: Gold and crypto tumble as Singapore opens vault, 15 Nov 2026 market overview

What the levels mean for traders

If the dollar stalls below 103.540 and Treasury yields retreat beneath 5.155%, silver could find short‑term relief around the $46.48 61.8% retracement of its all‑time high. Conversely, a sustained move above 5.155% would likely keep the dollar’s uptrend alive, pushing silver toward the $47.74‑$47.50 support cluster.

A decisive break above the nearby swing top at $53.78 would flip the swing‑chart bias to bullish, with the next upside target at the 50‑day moving average around $58.54. Until then, the prevailing outlook remains bearish, with the next downside objective at $46.48 and then $45.55.

What to watch next

Traders should monitor three near‑term triggers: the dollar’s reaction at the 103.540 resistance, the 10‑year yield’s ability to stay above 5.155%, and any breach of the $48.49 low set on Friday. A close below that low would reinforce the bearish bias and open the path to $46.48.

• U.S. Dollar Index near 103.540 (key resistance)
• 10‑year Treasury yield 5.155%–5.172% range
• Spot silver support zones: $47.74, $47.50, $43.61
• Potential downside targets: $46.48, $45.55, $41.14

Frequently asked questions

Official data sources

• Federal Reserve (Fed)
• LBMA precious metal prices

Related news

• Gold and crypto tumble as Singapore opens vault, 15 Nov 2026 market overview
• Market overview: industrial storage rally, stablecoin FX tests and gold forecast cut
• Fed worries ebb after PPI data shows slight slowdown
• Gold price forecast: Dollar strength extends downside targets

More from ITF

• ITF trading signals for gold and forex
• Copy verified traders with ITF Copy Trading
• This week’s economic calendar

This article is compiled from international market news for information only. It is not investment advice.