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Commodities Silver

Silver Price Outlook: XAG/USD Persists Near $37.00 as Bearish Sentiment Remains Strong

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  • August 4, 2025
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West Texas Intermediate (WTI) crude prices dropped to around $66.35 during early Asian trading on Monday after the latest significant OPEC+ production boost of 547,000 barrels per day in September. The move has also fueled concerns over a supply glut, especially after consecutive monthly increases since April. In addition, soft U.S. employment figures have fueled economic slowdown fears, putting pressure on oil prices lower. In spite of some relief from the threat of secondary sanctions on Russian crude, attention then shifts to upcoming data from the American Petroleum Institute (API) for further direction. KEY LOOKOUTS • Breakdown below the rising channel and 200-period SMA on the H4 chart validates bearish pressure. • Attempts to recover may meet strong resistance at $37.35 and $37.60, both at the 200-SMA and channel support breakpoint. • Support is at $36.20; a break below can open the door to $36.00 and then on to $35.50–$35.00. • Technical indicators hint that rallies may be short-lived unless silver convincingly reclaims $37.60. Silver (XAG/USD) continues to be under bearish pressure as it flatlines around $37.00, unable to capitalize on Friday’s modest recovery. The recent breakdown of the white metal below a two-month-old rising channel and 200-period SMA on the 4-hour chart has reinforced the bearish bias. Even in the wake of softer US job numbers last week, the waning USD weakness is contributing to the bearish bias. Technical charts on both daily and intraday time frames indicate limited upside, with any bounce expected to run into selling pressure around the $37.35–$37.60 range. Unless the bulls recover this important resistance level, silver is still exposed to more losses down to $36.20, $36.00, and even the $35.00 psychological level. Silver (XAG/USD) trades around $37.00, unable to follow through on Friday’s bounce with a renewed USD rally. Technicals incline towards a bearish bias, with resistance between $37.35–$37.60 in all likelihood to limit gains. A fall below $36.20 has the potential to further hasten the decline to $35.00. • Silver trades flat at $37.00 with declining bullish momentum and fresh USD strength. • Price hovers near four-week low, indicating ongoing bearishness. • Break below the rising channel and 200-period SMA on H4 chart reaffirms bearish technical pattern. • Downside bias is supported by negative oscillators on 4-hour and daily charts. • Initial resistance is at $37.35, followed by key hurdle near $37.60. • Support is initially found at $36.20, with additional downward risks towards $36.00, $35.50, and $35.00. • Attempts to recover are likely short-lived unless silver convincingly breaks back above $37.60. Silver (XAG/USD) starts the week on a guarded tone, sitting steady at the $37.00 level. Market sentiment is low as market participants process last week’s U.S. employment data, which initially burdened the U.S. Dollar but not enough to impart sustainable push for precious metals. Given the overall macroeconomic situation remaining in doubt, investors seem unwilling to take on aggressive bets in silver. Lack of new catalysts is joining the sideways action, with market players waiting for clearer signs before placing directional wagers. XAG/USD DAILY PRICE CHART SOURCE: TradingView Behind the scenes, broader themes of global economic wellbeing, inflation direction, and central bank policy still shape the silver market. With industrial and investment demand as a commodity, silver is still sensitive to changes in global risk appetite and demand direction. Short-term sparks from geopolitical tensions and economic releases may generate excitement, but medium-term performance will probably rest on how these wider themes continue to play out in the weeks ahead. TECHNICAL ANALYSIS Silver (XAG/USD) broke a crucial rising channel support that has remained intact for almost two months, indicating a change in momentum to the downside. Such a breakdown also comes along with a fall below the 200-period Simple Moving Average (SMA) on the 4-hour chart, further supporting the bearish view. Momentum indicators on the 4-hour and daily charts are also declining, indicating ongoing selling interest. Any attempts at rebounding are bound to be met with resistance at the $37.35 mark, with an even more solid barrier at $37.60—both of which must be overcome in order to dissuade the bearish tilt and set the stage for a possible short-covering rally. FORECAST If Silver (XAG/USD) can somehow stay above the $37.00 mark and gain some bullish traction, the initial hurdle is the $37.35 zone, denoted by the 200-period SMA on the 4-hour chart. A persistent break above this level would produce a modest rebound, advancing prices to the $37.60 area, the former channel support. A breakout above this key resistance would clear the way for a short-covering advance to $38.00, and then to the $38.30–$38.35 zone. Conversely, inability to hold above $37.00 will draw in fresh selling interest. A clean fall below the immediate support level of $36.20 would reemphasize the bearish tilt and might take silver to the psychological $36.00 mark. Further weakness beyond this level could spur the fall, leaving the metal vulnerable to further declines to the $35.50 area, with the $35.00 level serving as an important downside objective in the near term.

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Commodities Silver

Silver Price Prediction: XAG/USD Sees Resistance Below $36 as Bulls Lose Steam

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  • July 1, 2025
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Silver (XAG/USD) fails to sustain its recovery momentum, declining below the $36.00 level as new selling pressures are seen during the Asian session. Even though there was some relief from the multi-day low at $35.40, the short-term technical picture is uncertain, with MACD indicating weakness but the RSI resting above 50. The key support is around the $35.40-$35.50 region, and a fall below that might push losses further towards $35.00 or even to $34.45. On the other hand, sustained strength above $36.20 might bring a retest of the $37.00 level and continuation of the large-scale uptrend. KEY LOOKOUTS • A firm break below this zone would initiate further bear pressure towards $35.00 and $34.45. • The rebound, if any, is likely to encounter initial resistance in this area, with more powerful bullish pressure required to revisit $37.00. • The MACD is indicating bear momentum, and the RSI still being above 50 indicates cautious trading on the cards. • A continuation move beyond this level would confirm the resumption of the three-month uptrend, targeting highs in the region of $37.30–$37.35. Silver (XAG/USD) trades under strain below the $36.00 handle, unable to sustain a recent rally from the multi-day low around $35.40. In spite of indications of vibrancy in general market sentiment, the metal is exposed to fresh selling pressure, which is indicative of uncertainty among bulls. The technical chart is mixed in outlook—while the MACD indicates faltering momentum, the RSI trading above 50 a sign of weak bearish conviction. Traders will probably wait for a definitive break below the $35.40 support or above the $36.20 resistance before entering a direction. Silver (XAG/USD) trades just below $36.00 as buyers can’t maintain momentum. Support at $35.40 is key, while resistance at $36.20 caps upside. A break in either direction might determine the next move. •  Silver trades around $35.85, falling 0.70% under renewed selling pressure. •  The rally from the $35.40 multi-day low has faltered, reflecting poor bullish conviction. •  MACD registers a bearish crossover, but RSI > 50 indicates limited conviction on the downside. •  Solid support is present around the $35.40–$35.50 horizontal area. •  A breach below this support could see further losses toward $35.00 and $34.45. •  Resistance is near $36.00–$36.20, limiting immediate recovery attempts. •  A prolonged break above $37.00 may initiate a new wave of bullishness, extending the 3-month bull trend. Silver continues to be in the spotlight with investors balancing wider market factors, such as inflation direction, interest rate forecasts, and political tensions. The precious metal keeps drawing attention as an economic uncertainty hedge, particularly with global central banks trying to find a fine line between growth support and inflation control. While other asset classes such as equities and bonds move on policy signals, silver continues to hold value because it is both an industrial and a safe-haven asset. XAG/USD DAILY PRICE CHART SOURCE: TradingView In addition, demand for silver is underpinned by its fundamental contribution to green technologies, such as solar panels and electric cars, that are picking up pace around the world. As governments continue to accelerate clean energy transitions, industrial demand for silver will continue to be firm. This fundamental demand, combined with changes in investor sentiment, will most likely contribute to setting the medium- to longer-term outlook for the metal, irrespective of near-term market action. TECHNICAL ANALYSIS Silver (XAG/USD) is also giving mixed signals, prompting caution amongst traders. The daily chart MACD has gone into the negative zone, meaning a possible change in momentum on the downside. Yet, the RSI remains above the neutral 50 level, indicating bearish strength is not yet fully established. Immediate support is seen between $35.40 and $35.50, a range that has supported recent falls. On the positive side, silver is resisted around the $36.00–$36.20 level, and only a firm breakdown above this would set the stage for a retest of the $37.00 level and higher. Until such time, price action could stay range-bound and responsive to general market signals. FORECAST In the event that Silver (XAG/USD) holds above the $35.40 support level and cracks decisively above the $36.20 resistance, it would tend to confirm fresh bullish momentum. Such an extended push past this point could set the stage for a test of the $37.00 level, which has served as a significant ceiling in recent weeks. A breach past $37.00 could push prices further toward the $37.30–$37.35 zone, which would continue the general uptrend that has been underway since several months. Conversely, a lack of support at $35.40 can initiate higher selling pressure. The breakdown of this level may expose Silver to a fall towards the psychological level of $35.00, with additional declines likely targeting the $34.75 and $34.45 support levels. This move would indicate a change in sentiment and can initiate short-term bearish positioning, particularly if general risk-off sentiment or dollar strength increases.

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Commodities Silver

Silver Price Forecast: Firm Above $33.00, Poised for Possible Upside Breakout During Bullish Consolidation

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  • June 2, 2025
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Silver (XAG/USD) remains firm above the important $33.00 mark to start the new week, demonstrating signs of bullish consolidation following the recent breakout from a falling channel. Although the current advance is not well supported by momentum, technical analysts are pointing toward a probable breakout to the higher side should silver be able to break resistance around $33.50 and move toward $34.00 and higher. Support is still solid in the $32.70-$32.75 area, with a further decline below $32.00 risking turning the outlook bearish. In all, the setup is positive for bulls to remain optimistic about more gains. KEY LOOKOUTS • Look for dips below this level for possible buying opportunities, with near-term support envisioned at $32.70-$32.75. • This supply level is a significant barrier; a continued breach above it might set the stage for $34.00 and the ytd highs at $34.55-$34.60. • Encouraging but guarded momentum on daily charts implies bullish consolidation but necessitates cautious observation before risking bets on good runs. • A clear breakdown below the 100-day SMA around $32.00 may lead to additional selling pressure, potentially taking prices down to the $31.40 support and changing bias towards bears. The pivotal levels to observe are the essential support around $33.00, where declines might see buying interest, and the robust resistance around $33.50, which should be overcome for silver to target higher towards $34.00 and the year-to-date highs around $34.55. While technical charts on the daily time frames are marginally bullish, momentum is cautious and advises closely watching price action. On the bearish side, a definite breach of the 100-day SMA around $32.00 can trigger higher selling pressure and drive silver down to the $31.40 level of support and turn the near-term bias to the downside. Silver’s major support at $33.00 could draw in buyers, while resistance at $33.50 must be breached for additional advances to $34.00. A breach below the 100-day SMA of about $32.00 would change momentum bearish, boosting risk for additional declines. • Silver remains firm above key $33.00 support at the beginning of the week. • The metal is in a bullish consolidation following a breakout from a falling channel. • Closest immediate resistance is at the $33.50 supply level, which needs to be overcome for more upside. • Breaking $33.50 might pave the way towards $34.00 and the year-to-date high around $34.55-$34.60. • Technicals reflect modest bullish sentiment but without strong conviction, so cautious optimism remains. • Support around $32.70-$32.75 still plays a key role to avoid more downside. •  A strong fall below the 100-day SMA around $32.00 would instigate bearish selling pressure down to $31.40 in favor of bearish traders. Silver is maintaining consistent investor interest as it remains above the $33.00 level at the beginning of the week. The metal continues to find buyers looking for value at the current price, which indicates bullish sentiment towards its short-term direction. Market onlookers are keenly observing, speculating a potential upside move while demand for silver remains supported by general economic fundamentals and safe-haven demand. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView Looking forward, silver’s prospects seem cautiously optimistic as it faces a consolidation period. Momentum may be moderate, but overall sentiment supports a steady rise as investors balance global economic developments, inflation worries, and industrial demand. The precious metal’s performance in the immediate days ahead will be more than likely determined by market sentiment and extrinsic factors than abrupt dramatic changes. TECHNICAL ANALYSIS Silver is now consolidating above the $33.00 level after breaking from a downtrend channel, suggesting a possible bullish trend. The major resistance level near $33.50 is watched closely, as a breakout above this area would be likely to confirm continued upside momentum toward recent highs of about $34.60. Though indicators on the daily charts reflect weak positive signals, there is a lack of strong momentum, and hence traders need to be cautious. On the flip side, support at $32.70 and the 100-day simple moving average at $32.00 are significant levels to watch, with a breakdown below having the potential to flip the short-term bias to the downside. FORECAST Silver looks set for a possible upside if it is able to hold support above the important resistance price of around $33.50. A clean breakout above this range could set the stage for advances to the $34.00 level and possibly test the year-to-date highs of around $34.55-$34.60. Ongoing buying interest at these levels and favorable technical factors favor additional appreciation, and silver may gain from fresh bullish optimism in the near term. On the negative side, the price of silver is still exposed if it cannot sustain the important support around $33.00. Breaking below this could provide the way for continued falls to the lower support level around $32.70. Most significantly, a clean break below the 100-day moving average at $32.00 could prompt heightened selling pressure, causing prices to fall down to the $31.40 region and possibly changing the near-term trend in the direction of bearish traders. Traders should be mindful of these critical levels of support in order to maintain optimal risk management.

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