XAG/USD economic calendar

Events that move
silver prices.

These events regularly move XAG/USD by $20–$80 in a single session. FOMC, NFP, CPI — every release that impacts the silver price, with expected direction and how our signals react.

$30-80
Silver move/FOMC
XAG/USD
Focus
<1s
Signal delivery
93%
Silver accuracy
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Key events

Upcoming events that move silver.

FOMC Interest Rate Decision

Rate hold, cut, or hike — sets the direction for USD and silver for weeks

High

US CPI (Consumer Price Index)

Primary inflation gauge — surprises move silver $20–$50 intraday

High

Non-Farm Payrolls (NFP)

Jobs data shifts Fed rate expectations — silver reacts within seconds

High

US PPI (Producer Price Index)

Leading indicator for CPI — wholesale inflation signals future retail prices

Medium

Fed Chair Speech

Forward guidance moves markets — hawkish tone kills silver, dovish lifts it

High

JOLTS Job Openings

Labor market slack indicator — weaker data supports silver via rate cut bets

Medium

US GDP (Quarterly)

Growth vs recession signal — weak GDP is bullish for silver

Medium

US Retail Sales

Consumer spending proxy — weakness supports safe-haven flow to silver

Medium
Deep dive

Key events explained.

FOMC Decision

The Federal Open Market Committee sets US interest rates eight times per year. A rate cut reduces the opportunity cost of holding silver (which pays no yield) and weakens the USD — both powerfully bullish for silver. Conversely, a rate hike strengthens the dollar and makes bonds more attractive than silver. The statement language and dot plot projections often matter more than the actual rate decision. Traders should watch for phrases like "data dependent," "restrictive for longer," or "prepared to adjust" — these forward-guidance cues move silver more than the headline rate.

Non-Farm Payrolls (NFP)

Released on the first Friday of every month at 8:30 AM ET, NFP is the most-watched employment report in the world. A strong NFP number (above consensus) signals economic strength, supporting the dollar and pressuring silver lower. A weak number raises recession fears and Fed cut expectations, boosting silver. The initial spike is often followed by a reversal — experienced silver traders wait 15–30 minutes for the "real" direction to emerge. Also watch the unemployment rate and average hourly earnings components.

US CPI (Inflation)

The Consumer Price Index is the primary inflation measure that drives Fed policy expectations. Hot CPI (above consensus) initially strengthens the dollar and can push silver down, but persistent high inflation ultimately supports silver as an inflation hedge. Cool CPI readings boost silver by pricing in earlier rate cuts. The Core CPI (excluding food and energy) is the number that matters most. Month-over-month changes of ±0.1% vs expectations can move silver $20–$40. The shelter component has been the stickiest element in recent years.

Fed Chair Speeches

Jerome Powell speaks at press conferences after each FOMC meeting and at various economic conferences throughout the year. His word choices are scrutinized intensely: "patient" signals no rush to cut rates (bearish silver), while "risks are balanced" can hint at upcoming policy shifts (bullish silver). Jackson Hole in August and the semi-annual Congressional testimony are particularly high-impact events. The Q&A portion of press conferences often generates the biggest moves as journalists probe for specifics.

Strategy

How to trade silver around events.

1. Pre-event: reduce risk or stay flat

If you have open positions, consider reducing your size by 50% or tightening stops before a high-impact event. Spreads often widen 5–10 minutes before major releases, and slippage risk increases dramatically. Many profitable silver traders simply avoid the first 15 minutes of high-impact releases entirely.

2. Post-event: trade the follow-through, not the spike

The initial 1–5 minute reaction to news is often chaotic — stop hunts, liquidity grabs, and false breakouts are common. Wait for a clear 15-minute or 1-hour candle to close, then trade in the direction of the follow-through. This approach sacrifices some of the move but drastically improves your win rate.

3. Use the deviation from consensus as your edge

Markets price in expectations. Silver doesn't move on whether CPI is "high" or "low" — it moves on whether CPI is higher or lower than expected. Before every release, know the consensus forecast and prepare scenarios: what happens if actual beats by 0.1%? What if it misses by 0.2%? Pre-planned reactions beat emotional ones.

Don't trade blind during events. SilverSniper signals adjust for upcoming releases.

App demo

Trade silver during economic events.

See how SilverSniper signals fire when NFP, CPI, and FOMC move silver.

Calendar FAQ

Which economic events move silver the most? +

FOMC rate decisions produce the largest moves ($30–$80). US CPI and Non-Farm Payrolls are next ($15–$50). Fed Chair speeches, GDP, PPI, and JOLTS also create significant volatility.

When is the next FOMC meeting? +

The FOMC meets ~8 times per year. Check the Federal Reserve's official calendar for exact dates. Markets begin pricing expectations days before, so preparation should start early.

Should I close silver trades before news events? +

Depends on strategy. Swing traders often keep positions with wider stops. Scalpers typically close before high-impact events. A common approach is reducing size by 50% ahead of major releases.

How do I use this calendar for silver trading? +

Mark high-impact events (FOMC, CPI, NFP). Before each event, understand the consensus. If the actual result deviates significantly, silver will move. Plan entries around events — either trading the breakout or waiting for the reaction to settle.

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