Forex Trading Tools and Services

Commodities Silver

Silver Price Forecast: XAG/USD Awaits Breakout as Bulls Test Important $38.20 Trend-Line Resistance

  • BY
  • August 13, 2025
  • 0 Comments

Silver (XAG/USD) is demonstrating fresh bullish vigor as it tests a pivotal descending trend-line resistance level around $38.20, its second day in succession of gains. Gauged by successive bounces off the 200-hour Simple Moving Average, silver is ready to break out higher to challenge important levels at $38.70, $39.00, and even $39.50—the level highest since early 2012. But a fall below $38.00, particularly below the $37.85 intraday low, can reinforce bearish sentiment and see prices fall further towards important support levels around $37.15 and $36.20. On the whole, the next steps in the market will depend on silver finding momentum staying above this key resistance. KEY LOOKOUTS • Observe the behavior of silver against this critical down trend-line; a solid breakout will point to further advances. • The repeated bounces from this moving average indicate robust support for bulls on the underlying level. • The $38.70, $39.00, and $39.50 levels are significant targets if the breakout is made. • A prolonged decline below $38.00, particularly below $37.85, may pave the way for momentum to slide in favor of downside correction to $37.15 and $36.20. Silver is now probing a pivotal resistance level at around $38.20, hovering near a falling trend-line that has capped advances since July. The metal’s recent bounces from the 200-hour Simple Moving Average lend good support, indicating that bulls are firmly in charge at least for the time being. If silver is able to clear this resistance, it could set up a rally to major targets at $38.70, $39.00, and even $39.50—prices not visited since the spring of 2012. On the other hand, an inability to stay above $38.00 could leave the door open for downward pressure, which could send prices back down to the $37.15 to $36.20 support zone. Silver is challenging major resistance around $38.20, underpinned by sharp bounces off the 200-hour SMA. A move above here may propel prices to $39.50, while a fall below $38.00 may propel prices to lower levels. • Silver (XAG/USD) is around $38.20, challenging a downtrend-line resistance line from July. • The metal has risen two days in a row, indicating bullish momentum. • Sustained bounces from the 200-hour Simple Moving Average signal heavy support. • A move above $38.20 may drive silver to resistance levels at $38.70, $39.00, and $39.50. • The $39.50 level is the highest since February 2012. • A fall below $38.00 and the $37.85 intraday low could confirm resistance and lead to a bearish correction. • Lower down moves may aim at support levels around $37.15 and $36.20. Silver is drawing fresh interest from investors as it tests a critical resistance point of about $38.20. The metal’s recent upswing is a sign of increasing optimism surrounding its short-term outlook. Silver is gaining this attention during more general market forces favorable to precious metals such as inflation concerns and economic uncertainty. If silver is able to hold onto current strengths, it can continue to attract buyers seeking safe-haven assets or diversification within portfolios. XAG/USD DAILY PRICE CHART SOURCE: TradingView Market players are keeping a close eye on the way silver behaves in the next sessions because it may dictate the course of the metal in the weeks to come. An extended move past present resistance levels would confirm the confidence of traders, which can induce more investment. Conversely, a breakdown may cause investors to stop and wait for better signals before committing. In general, silver continues to be a focus of commodity markets, with its behavior driven by a combination of economic, geopolitical, and sentiment-based factors. TECHNICAL ANALYSIS Silver is now probing a key declining trend-line resistance at $38.20 that has served as resistance since mid-year. The metal’s frequent bounces from the 200-hour Simple Moving Average signal a firm support level that has provided bullish drive. Bullish confirmation on the daily and hourly charts indicates that a breakout above this resistance would have the potential to trigger additional gains to key price levels at $38.70, $39.00, and $39.50. Failure to maintain above $38.00, on the other hand, would risk an upturn, with possible support levels around $37.15 and $36.20 potentially coming into force, highlighting the significance of these technical levels in determining short-term price action. FORECAST If silver is able to break and close above the $38.20 trend-line resistance, it may trigger fresh buying interest and propel prices upward towards the $38.70 and $39.00 levels. Further bullish pressure may even take silver up to the $39.50 level, a key level not visited since the early months of 2012. This would represent firm market confidence and may entice further investors wishing to profit from the rising trend. Conversely, if silver is unable to hold support at or above the $38.00 mark and breaks down through the latest intraday low at around $37.85, it might see rising selling pressure. This fall could precipitate a more severe correction back to the $37.15 to $36.20 area of support. A breakout below $37.00 would more likely signal bearish sentiment, potentially paving the way for additional losses as market participants re-evaluate the metal’s short-term outlook.

Read More
Commodities Silver

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

  • BY
  • June 2, 2025
  • 0 Comments

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.

Read More
Commodities Silver

Silver Price Outlook: Bullish Flag Pattern to Facilitate More Upside Past $32.20

  • BY
  • May 9, 2025
  • 0 Comments

Silver (XAG/USD) is trading in a slight positive direction in the mid-$32.00s, with the support of dip-buyers close to the $32.20 mark. A bullish flag pattern formation, along with daily and hourly chart positive momentum from oscillators, hints that silver prices may witness additional gains. Resistance could appear closer to the levels of $33.00 and $33.15, but a break above there could set the way for a drive higher to $33.70 and further on to $34.00. On the bear side, firm support closer to $32.20 might cap any worthwhile corrections, and a break below $32.00 could expose further declines to the $31.50-$31.45 area. KEY LOOKOUTS • The creation of a bullish flag pattern indicates potential for further advances in silver prices, with the direction of least resistance favoring the upside. • The $32.20-$32.25 area is now a support area of significance. A break beneath this could result in a more extended loss, testing the $31.50-$31.45 area. • Silver can encounter selling pressure around the $33.00 round number and the upper edge of the falling channel near $33.15. Breaking above these prices can initiate a move to $33.70 and $34.00. • A breach below the $32.00 level can convert the near-term outlook to bearish, moving towards a stronger correction to the $31.50 area. Silver (XAG/USD) is presently in a moderately bullish trend, backed by solid buying interest around the $32.20 level, which is also consistent with the development of a bullish flag pattern. Although the price is exhibiting positive momentum, investors should observe possible resistance at the $33.00 and $33.15 levels, as these may limit further upward movement. A breakout above these resistance levels would result in a run towards the $33.70 and $34.00 regions. On the other hand, the $32.20 region is the first level of support, and a fall below this level may trigger a bearish momentum, leading to further falls towards the $31.50-$31.45 region. The $32.00 level is crucial to the outlook; a break below this level would strengthen a bearish inclination and may lead to further big losses. Silver (XAG/USD) is still bullish, held by a robust buying interest near $32.20, with possible upside towards $33.00 and $33.15. The critical support is at $32.20, and a fall below $32.00 may trigger a change in trend to bearish, reaching $31.50. • Silver is in the process of creating a bullish flag pattern, indicating possible additional gains. • The $32.20 area is serving as a robust support level, pulling in dip-buyers. • Silver is likely to meet resistance at the $33.00 round figure and $33.15 area. • Breaking above $33.15 is likely to open up further to the upside to $33.70 and $34.00. • A fall below $32.00 is likely to change the bias to bearish, opening up further downside. • If silver breaks below $31.45, bearish momentum is expected to pick up speed. • Oscillators on daily and hourly charts continue to be in positive ground, backing the bullish scenario. Silver recently picked up momentum, drawing buyers near the $32.20 level, which has now turned into a level of support. The sentiment remains bullish, buoyed by increased interest in the precious metal as a safe-haven investment as global markets face continued uncertainty. Consequently, silver has demonstrated a consistent capability of holding its own and sustaining a relatively robust stance, with investors still confident about its prospects as a store of value. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView This support is reinforced by the overall market atmosphere, with silver still enjoying inflation worries, geopolitical tensions, and other economic fundamentals. As these global factors develop, silver is likely to continue its appeal to investors seeking stability. Although temporary correction might happen, the silver outlook remains upbeat, with its function as a safeguard asset likely to remain in demand in the months ahead. TECHNICAL ANALYSIS Silver (XAG/USD) is presently showing a bullish flag pattern, which indicates potential for additional upward movement. Price has found support in the $32.20 area, which has been a significant level for dip-buyers. Upside momentum is being shown in oscillators on daily and hourly charts, which indicates that the direction of least resistance is to the upside. Resistance levels around $33.00 and $33.15 might be short-term obstacles, but a breach of these levels can open the gates for higher price gains. In case silver plunges below $32.00, however, the bearish trend might reign supreme, ushering in an even larger correction. FORECAST Silver (XAG/USD) presents possibilities of ongoing upward trends with a bullish flag formation active and strong support present at the $32.20 area. If silver is able to overcome resistance levels at $33.00 and $33.15, it may prompt a rally towards the next target levels at $33.70 and $34.00. Positive market momentum, combined with supportive technical signals, indicates that the way ahead remains supportive of further gains, provided that global economic conditions continue to support precious metals as a safe-haven asset. On the downside, silver’s near-term support at $32.20 is important. A decline below this level may reveal additional weakness, possibly driving the price towards the $32.00 level. If silver drops below this level, the bearish situation becomes increasingly probable, with the next significant support area around $31.50-$31.45. A decline below this key area would most likely change the market sentiment to bearish, allowing for further losses. Traders will have to keep a close eye on this level for indications of trend reversal.

Read More