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Commodities Silver

Silver Price Forecast: XAG/USD Loses Ground Below $32 as Bearish Momentum Grows

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  • May 1, 2025
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Silver (XAG/USD) remains under intense bear pressure, continuing its recent decline and falling to a multi-week low around the $32.00 level. Although the metal maintains some short-term strength at this psychological support, technical indicators on several timeframes indicate that the path of least resistance is still to the downside. A confirmed violation below the 100-hour Simple Moving Average and continued acceptance under $32.00 might create further falls, with possible goals at $31.70, $31.50, even sub-$31.00 figures. To the upside, support now resides at $32.35, $32.80, and at the $33.00 ceiling, beyond which a bounce would start to upset the bearish bias. KEY LOOKOUTS • A clear breach and acceptance through this psychological price might confirm downside momentum. • Currently at approximately $32.35, this moving average is now serving as immediate resistance and an important short-term pivot point for direction of trend. • Should bear pressure persist, monitor for possible selloffs down toward $31.70, $31.50, and even the 200-day SMA at about $31.00. • A short-covering bounce above $32.80 and the $33.00 handle might unleash the move back to the $33.70 area of resistance. Dealers need to watch closely the $32.00 level, since a break below this psychological support could reinforce the bearish trend and pave the way for additional declines towards $31.70, $31.50, and even sub-$31.00 levels near the 200-day SMA. On the other hand, near-term resistance lies at the 100-hour Simple Moving Average near $32.35, followed by firmer barriers at $32.80 and $33.00. A firm breakout above these levels would initiate a short-covering rally and reverse near-term momentum in favor of bulls, with $33.70 serving as a pivotal upside target. Until such time, the technical picture is skewed to the downside. Silver is still in bearish pressure around the $32.00 level, and a break below this level will be likely to lead to further losses towards $31.50 and lower. The nearest resistance is at $32.35 and $33.00, and only a strong move above $33.70 will be able to change the bias in favor of bulls. • Silver loses for the third consecutive day, reaching a multi-week low around $32.00. • Technical indicators on 4-hour and daily charts are indicating increasing bearish momentum. • A breakdown below the 100-hour SMA (~$32.35) would be a new catalyst for further weakness. •  Support at $31.70, then $31.50 and the 200-day SMA around $31.00. •  Breaking below $32.00 is essential for bears to take firm control. • The first resistance is immediate at $32.35, with subsequent resistances at $32.80 and $33.00. • A breakout above $33.70 would be necessary to negate the bearish bias and turn the bias bullish. Silver continues under pressure as sentiment in the market shifts to a cautious stance with general concerns regarding economic stability as well as changes in investor tastes. The white metal, which tends to be viewed as both an industrial metal and a vehicle of value storage, is struggling through a time of confusion wherein traders are taking a second glance at their positions. Everything from general trends in global monetary policy, inflation expectations, and demand projections for major industrial end-uses is contributing significantly towards shaping silver’s recent behavior. XAG/USD Daily Price Chart Sources: TradingView Investors are also keenly monitoring trends in world manufacturing and technology industries, where silver is significant because of its conductivity and flexibility. Moreover, shifting interest rate expectations and performance of the U.S. dollar are indirectly influencing silver’s attractiveness as an investment. As markets absorb these macroeconomic cues, silver will most likely continue to be in the limelight, with traders striking a balance between long-term fundamentals and short-term sentiment. TECHNICAL ANALYSIS Silver (XAG/USD) is indicating further bearish momentum, with price action remaining muted below important resistance levels. The metal is having trouble staying above the $32.00 level, now a key support level. The indicators on the 4-hour and daily charts, including Relative Strength Index (RSI) and Moving Averages, are trending downwards, indicating sellers still hold the upper hand. If price is unable to recover levels above $32.35 and $33.00 in the short term, the threat of further losses continues to be high, possibly targeting lower support levels in the days to come. FORECAST Silver (XAG/USD) holds ground above the $32.00 level and sees new buying interest, a rebound towards the $32.35 resistance would be the initial indication of short-term bullish pressure. A persistent break above this level can set the stage for additional gains to $32.80 and $33.00, which are significant resistance levels. Should momentum pick up, the next target on the upside could be the $33.70 area, where tighter supply is likely. A breakout above this level can change the overall sentiment in the direction of buyers and could initiate a medium-term bullish trend. On the flip side, if maintaining support at $32.00 fails, that may set up further declines, particularly if price breaks firmly under the 100-hour SMA. In such case, Silver would fall towards $31.70 and subsequently to $31.50, which are short-term supports. More profound correction will ultimately challenge the 200-day SMA in the vicinity of the $31.00 handle. If this crucial level does not hold, the door would be ajar for a sustained fall towards the psychological $30.00 level, affirming the bearish perspective in the near to medium term.

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Commodities Silver

Silver Price Forecast: XAG/USD Outlook with Bullish Technical Setup and Crucial Support Levels

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  • April 25, 2025
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Silver (XAG/USD) has eased back from a three-week high recently, trading at the mid-$33.00s, after breaking above the $33.00 level in an aggressive move earlier this week. The technical setup is still bullish despite the recent dip, with oscillators indicating positive momentum and further upside potential. Any dip will tend to draw in dip-buyers, particularly around the $33.00 support level. A drop below this support might change the outlook to a more bearish direction with the next support levels at $32.40 and $32.00. On the higher side, the near-term resistance at $33.70 might open the door to even more gains, likely taking the XAG/USD to the $34.00 mark and higher, with the $35.00 psychological level coming into view. KEY LOOKOUTS • A key support level has emerged around $33.00, with a break below this mark potentially triggering a decline toward the $32.40 and $32.00 levels. Watch for any dip-buying near this support zone. • The immediate resistance at $33.70 could be pivotal for silver’s price action. A breakout above this level may pave the way for further gains toward $34.00 and higher targets. • Oscillators on the daily chart are showing positive momentum, indicating that silver could maintain an upward bias, provided it doesn’t experience significant selling pressure. • The $35.00 mark remains a key psychological resistance level. If silver continues its bullish momentum, reaching this level could mark the next significant hurdle, especially following a breakout above $34.00. Silver (XAG/USD) is having a mild retracement after it hit a three-week high in the early part of this week. The metal is trading at the mid-$33.00s, and the $33.00 level is an important point to observe. A move below this support may result in further declines to $32.40 and $32.00. But the technical setup overall is still bullish, as oscillators are indicating bullish momentum, and this week’s breakout above $33.00 has created hope among traders. The $33.70 level is the near-term resistance, and a possible breakout above it can lead to the $34.00 zone. If the trend remains bullish, silver can potentially target the $35.00 psychological level in the future, and thus it is a level to watch in the future sessions. Silver (XAG/USD) is ranging in the mid-$33.00s following a recent breakout, with crucial support at $33.00 and resistance at $33.70. A breakdown below $33.00 may portend more weakness, while a surge above $33.70 may clear the way to $34.00 and higher. • Silver (XAG/USD) is ranging in the mid-$33.00s following a recent retreat from a three-week high. • The $33.00 level is key support, and a break below it might send the price down toward $32.40 and $32.00. • Oscillators on the daily chart indicate positive momentum, which supports a bullish near-term outlook. • The near-term resistance at $33.70 might cap further gains unless overcome. • A breakout above $33.70 might set the stage for silver to move toward the $34.00 level. • The $35.00 level continues to be a significant psychological resistance level to look for major moves higher. • Any price drop towards $33.00 should find dip-buyers stepping in to support the uptrend. Silver has caught headlines recently after it traded at close to the mid-$33.00s, after its fleeting spike to a three-week peak earlier in the week. There is optimistic market sentiment still prevailing, given how most of its traders believe in the possibilities for silver’s continuity in being upward-bound. Events such as international economic volatility and investor interest in precious metals would likely still see demand driving demand for silver upwards, supporting its price stability to this range. XAG/USD DAILY CHART PRICE CHART SOURCE: TradingView Moving forward, the future price action of silver will be based on general market conditions and investor sentiment. Since silver is considered a safe-haven asset, its price can be affected by any changes in the global financial environment, including inflation rates or geopolitical issues. As retail and institutional investors increasingly show interest in silver, it can continue to be a good choice for investors looking to hedge against market volatility. TECHNICAL ANALYSIS Silver (XAG/USD) has demonstrated good bullish potential following the break above the $33.00 level, which served as a major resistance level. The price is testing the three-week high, and oscillators are reporting positive momentum, implying that silver may extend its upward trend in the short term. Nonetheless, the early resistance at $33.70 might become an obstacle to more upside, with the $33.00 now being converted to support, becoming an important level to hold onto the bullish direction. A decline below here would mean a change in market direction, while continued strength would move silver towards $34.00 and $35.00 levels. FORECAST Silver (XAG/USD) is poised for further gains at this point, with important resistance at $33.70 and $34.00. A break over $33.70 is likely to lead to further bullishness and could take the price of silver to levels of $34.30 and $34.55. A further move above $34.00 has a good chance to establish silver reaching the $35.00 psychological level, which would be a key achievement. Bullish technical indicators and a positive market sentiment for precious metals indicate that silver may continue to find buyers, especially in a climate of economic uncertainty or heightened demand for safe-haven assets. Conversely, silver is at risk on the downside if it drops below the $33.00 support level. A breakdown below this important level may indicate a change in market sentiment, forcing the price towards lower supports of $32.40 and $32.00. This may cause additional bearish pressure, particularly if there is a broader market movement away from precious metals. If silver is unable to hold on to the current support, it could mean that the recent bounce from $28.00 has run out of steam, and more losses are ahead.

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Commodities Silver

Silver Price Forecast: XAG/USD Remains Bullish Bias Despite Retreat – Levels to Note

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  • March 6, 2025
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Silver (XAG/USD) trades with a marginal negative bias at the upper mid-$32.00s, ending a three-day winning run but still enjoying a bullish outlook. Even after the retreat, the technicals remain bullish-friendly, with the oscillators developing positive momentum and the metal continuing to hold over important support levels. A push towards $33.00 and higher is still on the cards, with resistance around $33.40 and further goals at $34.00 and $35.00. But a strong break below $32.25 might lead to a fall to the $31.00-$30.80 area, tilting momentum in favor of bearish traders. KEY LOOKOUTS • Silver is still above crucial support levels despite a small fall, with technicals pointing to possible gains to $33.40, $34.00, and $35.00. • The following major roadblocks are at $33.60-$33.70, with the breakout opening the doors for silver to challenge the key $34.50-$35.00 area. • A fall below $32.25 could prompt further losses towards $31.80 and $31.00, which might shift things in favor of bearish traders. • The 100-day EMA around $31.10-$31.00 remains a critical level; a fall below here could lead to more selling pressure and a bearish reversal. Silver (XAG/USD) remains in a bullish trend even after a small pullback, with technical indicators indicating possible upward movement. The most important resistance levels to look out for are $33.40, then $33.60-$33.70, with a breakout leading the way to $34.00 and $35.00. On the bearish side, support at $32.25 is important, with a sustained fall below this triggering further losses towards $31.80 and the 100-day EMA at $31.00. Overall, short-term volatility continues, but the bigger picture remains bullish for buyers unless silver declines below major support levels, changing the trend in favor of bearish traders. Silver (XAG/USD) is still bullish despite a minor correction, with major resistance at $33.40 and $34.00. A fall below $32.25 may lead to further losses, but the 100-day EMA around $31.00 is still an important support. • Silver (XAG/USD) is still an important commodity for industrial consumption and investment, and its price action is driven by this. • Silver still has a bullish inclination despite recent volatility, with technicals pointing towards potential upside action. • The next resistance levels are at $33.40 and $34.00, with a break opening the door to higher price targets. • Key support levels at $32.25 and $31.80 will decide if silver continues its uptrend or falls. • Silver prices are influenced by inflation, central bank actions, and global economic conditions. • Growing demand from solar panels, electronics, and medical applications continues to underpin long-term demand. • A strong dollar, increasing bond yields, or a change in investor sentiment may influence silver’s short-term price movement. Silver (XAG/USD) remains a vital asset in global markets, valued for both its industrial applications and its role as a store of wealth. Its demand spans across various industries, including electronics, solar energy, and medical technology, making it an essential component of modern innovations. Additionally, silver has historically been considered a safe-haven asset, with investors turning to it during times of economic uncertainty and inflationary pressures. As the globe goes greener with technology, growing application of silver in renewable energy applications, notably solar panels, keeps driving demand in the long term. XAG/USD Daily Price Chart Chart Source: TradingView Apart from its industrial and investment interest, silver is also culturally and historically significant in every society across the globe. Jewelry and ornaments to coins and bullion, it has been a mark of prosperity and wealth for ages. Central banks, institutional investors, and retail traders closely monitor silver because it has the dual character of being both a commodity and a financial asset. As the world’s economic trends change, silver is an important component in portfolios and industries as well, capturing wider trends in technology, sustainability, and economic stability. TECHNICAL ANALYSIS Silver (XAG/USD) still displays a bullish inclination from a technical point of view, with leading indicators favoring bullish momentum. The metal has continued to demonstrate its resilience above vital support levels, while daily chart oscillators see positive momentum in gaining traction in a constructive approach. Moving averages, especially the 100-day EMA, serve as decisive pivot points whose price action shows respect for levels. Resistance ranges around $33.40 and $34.00 offer a potential upside targets, while breaching key levels of support sends out a possibility of a trend reversal. All in all, the technical setup for silver is positive for buyers except if a solid breakdown below pivotal support changes direction. FORECAST Silver (XAG/USD) still has a positive outlook as market sentiment favors increased gains. Unless buying pressure strengthens, the metal may head for the $33.40 level of resistance with a possible breakthrough allowing $33.60-$33.70. Continued bullish momentum would propel silver even higher towards the psychological figure of $34.00, with a longer-term rally aiming for the $34.50-$35.00 band. Encouraging economic news, higher industrial demand, or a weakening U.S. dollar would serve as the catalysts for higher silver prices in the near term. To the downside, silver has critical support at $32.25-$32.30, which would cap any near-term decline. A decline below this area could reveal the metal to more losses towards $31.80 and the 100-day EMA level around $31.10-$31.00. If downside pressure becomes aggressive, silver would test the $30.80 area, representing a change of heart towards bearish grounds. Events like a firming U.S. dollar, increasing bond yields, or risk-off risk in financial markets would help send silver’s prices lower.

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Commodities Silver

Silver Price Outlook: XAG/USD Finds Support Below Mid-$32.00s on Mixed Technical Indications

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  • February 25, 2025
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Silver (XAG/USD) is trading with a bullish bias below the mid-$32.00s, ending a two-day losing streak as it finds modest support. While recent buying interest has been evident, technical indicators are pointing towards mixed signals, and caution is advised for bulls. A break above $33.00 on a sustained basis could propel further gains towards $34.00 and higher, while solid support is seen around the $32.00-$31.75 area. Any corrective slide could be considered as a buying opportunity, although a firm fall below the 100-day SMA level of $31.25 may change momentum into the hands of bearish investors, which might pull silver to the $30.00 psychological level. KEY LOOKOUTS • Silver requires consistent support above $33.00 in order to assure bullish momentum, which might challenge $34.00 and the multi-year high around $35.00. • The $32.00-$31.75 region provides solid support, and any fall is likely to find buyers, capping losses for XAG/USD. • A firm break below may turn sentiment bearish, leaving the way open for further losses towards the $30.00 psychological level. • Oscillators indicate caution, and it is best for traders to wait for confirmation before taking a position for a prolonged move in either direction. Silver (XAG/USD) is trading with a bullish bias but has some major technical barriers, especially around the $33.00 resistance level, which needs to be broken for extended bullish momentum. Support is strong around the $32.00-$31.75 area, where buying interest could cap downside risks. A fall below the 100-day SMA at $31.25, however, could shift the bias in favor of bearish traders, possibly taking silver down to the $30.00 psychological level. With conflicting technical indicators on the daily chart, the traders need to be cautious and await clear indication before positioning for the next big move. Silver (XAG/USD) is trading bullish but is met with resistance at $33.00, requiring a breakout for additional gains. Robust support at $32.00 constrains downside risk, while a breakdown below $31.25 has the potential to turn momentum bearish. Conflicting technical indications mean traders need to wait for confirmation before taking firm positions. • Silver picks up momentum below mid-$32.00s, ending a two-day losing streak with slight buying demand. • A critical resistance at $33.00, where a breakout is required to validate bullish interest towards $34.00 and $35.00. • Initial support at $32.00-$31.75, where buying demand may cap bearish movements. • 100-day SMA at $31.25 acts as a crucial pivot point, with a fall below indicating a bearish trend. • Possible negative to $30.00 if silver cannot hold support and breaks important levels. • Divergent technical indicators on the daily chart indicate caution for traders prior to entering a clear direction. • Short-term corrective drops can be considered as opportunities to buy unless major support levels are broken. Silver remains to be of interest as a valuable commodity, supported by its industrial and investment demand. Trusted for its flexibility, silver finds extensive application in electronics, solar panels, and medical devices, and hence is an integral component in many industries. Investors also identify silver as a safe haven asset, particularly at times of economic instability, due to its inherent value and acting as a hedge against inflation. Given its dual use—as an industrial metal and as a store of value—silver continues to be a desirable choice for traders and long-term investors. XAU/USD Daily Price Chart TradingView Prepared by ELLYANA In addition to its market value, silver has served a historical function in currency and wealth storage. It has been utilized in coinage for centuries and is still a top pick among bullion investors. Increasing consumption in the solar panel manufacturing, in the field of renewable energy, further intensifies its long-term prospects. With the constant advancement of world industries, silver is likely to be increasingly in demand, reemphasizing its role as an essential metal in economic growth as well as technological progress. TECHNICAL ANALYSIS Silver (XAG/USD) portrays a mixed setup, and cautious approach should be followed by the traders before pursuing a directional momentum. The failure to maintain gains over the $33.00 resistance level on multiple occasions indicates a likely consolidation period, and critical support around $32.00-$31.75 has prevented the downside movements from going further. A decisive cross of the $33.00 level might reignite bullish interest, taking prices to even higher resistance levels. On the contrary, a fall below the 100-day SMA at $31.25 can be an indication of a bearish turn, causing more deeper corrections. With oscillators reflecting indecisiveness, traders should wait for confirmation before positioning for the next major trend. FORECAST Silver has the potential to extend its gains if it manages to break above the crucial $33.00 resistance level. A sustained move beyond this mark could strengthen bullish momentum, leading to a test of the $34.00 level and possibly even the multi-year peak near $35.00. Strong demand from industrial and investment sectors, along with inflation concerns, could provide additional support for silver prices. If bullish momentum continues, silver may see further upside, supported by favorable market conditions and growing interest in precious metals as a hedge against economic uncertainty. If silver cannot hold ground in the vicinity of the $32.00-$31.75 zone, it might be subjected to rising selling pressure. A dip below the 100-day SMA of $31.25 can flip market sentiment bearish, and that would set the stage for a drop to the $30.00 psychological mark. Additional downside threats lurk if worldwide economic prospects soften, hurting industrial demand for silver. If bear momentum quickens, the metal might tumble into the $29.50-$29.00 region, where there is strong historical support.

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Commodities Silver

Silver Price Forecast: XAG/USD Remains Bullish Above $32.50 Due to Market Uncertainty

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  • February 19, 2025
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Silver (XAG/USD) remains bullish above $32.50, bolstered by the 100-day Exponential Moving Average (EMA) and a robust 14-day Relative Strength Index (RSI) above 66.30. Even though it slipped lower to $32.75 during the Asian session, the white metal’s downside seems capped due to policy uncertainties, such as possible tariff issues under the Trump administration. The important resistance area is at $33.30-$33.40, with the breakout capable of taking prices towards $34.55 and $34.87. To the downside, key support comes at $31.79, and an important level of contention comes at $31.00-$30.90, the level of 100-day EMA. Falling below this can push silver down towards $29.70. The FOMC Minutes are on market players’ radar for the next lead. KEY LOOKOUTS • Silver is met with instant resistance at $33.30-$33.40; a breach above this can lead prices to $34.55 and $34.87. • The initial support on the downside is at $31.79, with a key contention area at $31.00-$30.90; a breach here can drive prices to $29.70. • The 100-day EMA underpins silver’s uptrend, while the 14-day RSI at 66.30 indicates further advances in the near term. • Policy risks, such as possible tariffs under the Trump presidency, and the release of the FOMC Minutes will affect silver price volatility and movement. Silver (XAG/USD) is still in a bullish region above $32.50, aided by the 100-day EMA and a healthy RSI reading of 66.30. The near resistance is at $33.30-$33.40, and a breakout may push prices towards $34.55 and $34.87. On the negative side, support is initially at $31.79, and a break below the $31.00-$30.90 range would expose the market to more losses towards $29.70. Policy uncertainties, such as possible tariffs during the Trump administration, are affecting market sentiment, with traders looking for the FOMC Minutes for more hints on future price direction. Silver (XAG/USD) remains bullish above $32.50, underpinned by the 100-day EMA and robust RSI strength. Levels of resistance stand at $33.30-$33.40, and the level of support is $31.79. Market attention centers on policy unknowns and Wednesday’s FOMC Minutes for further guidance. • Silver (XAG/USD) continues to be positive above $32.50, underpinned by the 100-day EMA and good RSI value of 66.30. • The initial major resistance levels are at $33.30-$33.40, followed by additional target levels of $34.55 and $34.87 based on ongoing buying pressure. • Initial support levels are at $31.79, followed by a critical bearish barrier around $31.00-$30.90; a fall may take prices down to $29.70. • The price remains above the 100-day EMA, and the RSI indicates a bull run in favor of a further increase in silver. • Policy risks, such as the possibility of future tariff moves by Trump’s government, may affect silver’s movement. • Traders wait for the Federal Reserve’s FOMC Minutes for clues about forthcoming monetary policy and possible price action. • A change in world economic mood or surprise policy signals may result in sudden movements in silver prices. Silver (XAG/USD) remains market focus as a favored asset amidst changing economic realities and world uncertainties. Its consumption is fueled by both industrial and investment markets, making it one of the commodity market’s market movers. It finds extensive usage in electronics, solar panels, and medical procedures, which drive its long-term growth prospects. Its historical use as a safe-haven commodity also adds to its attractiveness at periods of economic downturn, as investors seek its services for diversifying their portfolios and preserving their wealth. XAG/USD Daily Price Chart TradingView Prepared by ELLYANA Silver’s price action in the market is influenced by global economic trends, monetary policy, and geopolitical events. Its demand is determined by inflation, interest rate decisions, and currency movements. Additionally, central bank policies and changes in industrial consumption still affect its valuation. With governments and industry placing emphasis on sustainable and technological developments, the use of silver in green energy technologies and electronics is likely to increase, making it even more important in the long term to the global economy. TECHNICAL ANALYSIS Silver (XAG/USD) has a positive technical bias, staying above the 100-day Exponential Moving Average (EMA), which provides solid support at $31.00-$30.90. The 14-day Relative Strength Index (RSI) is at 66.30, showing continuous buying pressure without reaching overbought levels. The Bollinger Bands indicate price consolidation with resistance at $33.30-$33.40, which coincides with the upper band. A successful breakout above this level can take silver to $34.55 and $34.87. On the lower side, the major support levels are at $31.79 and $31.00, with a break below potentially taking the price lower to $29.70. The overall outlook is still bullish as long as silver trades above the 100-day EMA, with investors looking to upcoming macroeconomic announcements to confirm. FORECAST Silver (XAG/USD) has a positive outlook, with positive momentum boosted by solid technicals and macroeconomic conditions. If silver can hold above the critical $32.50 level, the next level of resistance is at $33.30-$33.40. A break above this level would push prices towards $34.55, a last-seen price in October 2024, and further to $34.87. Increased investor demand on the back of inflation hedging and safe-haven buying can further propel silver’s rally. Also, increased industrial consumption, especially in solar energy and electronics, contributes to its long-term potential. If world economic circumstances are conducive to commodities, silver may witness stronger demand, moving prices upward over the next couple of weeks. To the negative side, silver has strong support at $31.79 and more substantial backing in the area of $31.00-$30.90. A slip below here can set the alarm bells ringing and induce more weakness, with the next important objective at $29.70. Market uncertainties surrounding changing Federal Reserve policies and the altering risk tone can exert downward pressure on silver. If interest rates continue to be high or rise further, non-yielding assets such as silver can come under selling pressure. Any fall in industrial demand or economic slowdowns in major markets such as China and the U.S. can also put pressure on prices. A break below key support levels can trigger bearish momentum, resulting in further corrections in the near term.

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Commodities Silver

Silver Price Forecast: XAG/USD Set for Next Leg of Upside as Bulls Target Breakout Above $31.00

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  • January 30, 2025
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Silver (XAG/USD) maintains its bullish bias for the third consecutive day and touches a fresh one-month high at around $31.00. The technicals are supportive of the buyers, and most indicators are hinting at more upside. A clear break above the 100-day SMA can propel the pair toward key resistances at $31.50, $32.00, and potentially even $33.00. Any pullback will probably be corrective. Near $30.65, there is strong support, and the 200-day SMA is still around $30.00. Of course, if it breaks to a lower level, silver could head lower to place $29.70 more into focus. KEY LOOKOUTS • A sustained move above the 100-day SMA will likely mark the start of a strong uptrend, and silver can run quickly to $31.50, then $32.00, and even $33.00 into the short term. • The downside protection is at $30.65, while the 200-day SMA stands at around $30.00, which can be a key support zone for buyers. • Momentum indicators are turning positive and indicate continued buying interest, supporting the idea that silver may make an extended upside move. • A break below the psychological $30.00 level could change the sentiment and may lead to a retest of the lower support zones of $29.70 or below. Silver (XAG/USD) tends to hold up as bullish, with a potential breakout above $31.00 likely coming within bullish technical moves. Strength above the 100-day SMA could easily lead to a push toward $31.50 or even $32.00, and then $33.00, should it be utterly valid. Likewise, defying the negativity will be $30.65 and the 200-day SMA near $30.00. However, a break below this key psychological level could trigger a deeper correction toward $29.70 or lower. Traders should watch these critical levels closely as silver navigates its next move. Silver (XAG/USD) is on an upward trajectory again, with breakout potential above $31.00, as several technical indicators go bullish. Still, a relatively strong support in the vicinity of $30.65 and close proximity to $30.00, the 200-day simple moving average (SMA), limit the downfall. A close above the resistances could boost the price significantly to $32.00. • Silver (XAG/USD) is seeing its third straight day of upside, reaching an intraday peak near $31.00 in one month. • A breakout above the 100-day SMA could push prices toward $31.50, $32.00, and possibly $33.00. • Immediate support lies at $30.65, with the 200-day SMA around $30.00 acting as a critical level for buyers. • Momentum indicators show increasing buying pressure, reinforcing the potential for continued upside movement. • A break below the $30.00 psychological level may trigger a decline toward $29.70 or lower. • Sustained buying interest could lead to an extended rally, reversing all previous corrections from the October 2024 multi-year high. • Traders will need to closely monitor price action, as a confirmed breakout or rejection at the key levels will dictate the next move. Silver (XAG/USD) continues to build bullish momentum to a one-month high near $31.00. The price is approaching a critical resistance level at the 100-day SMA, and a breakout above this level could push silver toward $31.50, $32.00, and even $33.00. Technical indicators are supporting this bullish outlook as increased buying pressure is reinforcing the potential for an extended rally. The recent short-covering rally indicates that the corrective decline from October 2024’s multi-year peak may have ended, opening the way for further upside movement. XAG/USD Daily Chart TradingView Prepared by ELLYANA On the downside, immediate support is seen at $30.65, with the 200-day SMA around $30.00 acting as a crucial level for buyers. A break below this psychological mark could trigger a deeper correction, possibly driving prices toward $29.70 or lower. However, as long as silver remains above key support levels, any pullback is likely to be seen as a buying opportunity. These should be watched carefully by traders to see whether there is a confirmed breakout or rejection, which will give the next significant move for XAG/USD. TECHNICAL ANALYSIS Silver (XAG/USD) setup bullish, as the price remains above important support levels and approaches to a critical resistance near the 100-day SMA at $31.00. Momentum indicators have just turned positive again, especially through the RSI and moving averages. Thus, a strong break above it can be interpreted to further add support to potential additional upside breaks that could now touch the following resistances $31.50 then $32.00 followed by $33.00, which are a tough resistance and hence should take out $30.65; it has huge supports, even up to a barrier of its 200 DMA of $30.00 for support. A dip below this could make the mood turn bearish, which can cause a potential retest at $29.70. At large, the technical picture favors bulls, with any short-term correction expected to be seen as a buying opportunity. FORECAST Silver (XAG/USD) looks ready for a higher high since the bullish momentum continues to pick up steam with the price maintaining above critical support levels. A decisive breakout above the 100-day SMA at $31.00 should trigger a strong rally, driving silver toward the $31.50-$31.80 zone, then to the psychological barrier of $32.00. If buying pressure remains strong, silver could target the December swing high at $32.30 and potentially drive gains toward $32.75-$33.00, a level not seen since early November. Technical analysts such as RSI and MACD support a bullish outlook by way of increasing investor confidence in higher price levels. The continuation of the short-covering rally can further fuel upside movement. Again, silver’s improvement has bearish downside risks if it fails to sustain momentum above $31.00. Its resistance appears strong against a pullback back toward the first support at $30.65. If selling pressure increases, the price may test the 200-day SMA at $30.00, which is a significant psychological and technical support level. A confirmed break below $30.00 may shift sentiment bearish, and silver may drop to $29.70 and possibly $29.30. Macro factors such as a strengthening U.S. dollar or rising bond yields could also weigh on silver prices, leading to increased volatility in the near term. However, with key support levels

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