Silver (XAG/USD) Price Prediction: Silver Slips Below $75 Support Ahead of FOMC Minutes
Silver spot prices tumbled to $73.06 on February 17, 2026, marking a 4% intraday decline and extending a 20% monthly correction. The metal's breakdown below the $75 support level during thin Asian holiday trading has traders questioning whether this signals a bearish reversal or another false breakout.
Market participants remain cautious despite six recent failed attempts to sustain prices below $75. Each dip has been met with buying pressure, creating a pattern that discourages aggressive short positioning without confirmation. Technical indicators show growing bearish momentum, with the RSI trending toward oversold territory.
All eyes now turn to the upcoming FOMC minutes, expected to serve as the next major catalyst for silver prices. The metal's year-over-year gains suggest underlying strength, but traders await clarity from central bank signals before committing to new positions.
