Forex Trading Tools and Services

Commodities Silver

Silver Price Forecast: XAG/USD Remains Above Crucial Support, Targets Breakout to Decade Highs

  • BY
  • June 13, 2025
  • 0 Comments

Silver price (XAG/USD) is trading at around $36.30 with a bullish inclination as it remains within the path of an upward channel pattern. The precious metal has immediate resistance around $36.89, the highest since February 2012, while the lower boundary of the ascending channel around $36.10 provides crucial support. Technical charts, such as the 14-day RSI and nine-day EMA, indicate that bullish momentum is still intact, although a possible pullback cannot be discounted. A move above $36.89 may push silver towards $38.50, whereas a dip below the key support area may lead to a further correction to the 50-day EMA of $33.74 or even the two-month low of $31.65. KEY LOOKOUTS • Silver has a vital resistance level at $36.89; a breakout above this could firm the bull outlook and pave the way towards $38.50. • The upper edge of the rising channel at $36.10, and then the nine-day EMA at $35.77, are vital supports to monitor for short-term stability. • The 14-day RSI continues to be below 70, showing sustained bull momentum but also predicting scope for near-term pullback or consolidation. • A strong fall below the 50-day EMA at $33.74 can result in further loss to the two-month low of $31.65. Silver price (XAG/USD) is trading around $36.30, indicating consolidation after the recent rise. The metal is still in the uptrend channel, and hence the overall bullish trend continues. Immediate resistance is at $36.89, a price point not visited since February 2012, and a move above this has the potential to drive prices to the channel’s upper boundary at $38.50. In the event of a decline, support can be expected at the channel’s lower boundary at $36.10, followed by the nine-day EMA at $35.77. While the 14-day RSI indicates continuous bullish momentum, its location below the overbought threshold also suggests the potential for a short-term correction should major support levels fail. Silver (XAG/USD) is trading at close to $36.30, above major support at $36.10 in a rising channel. A break above $36.89 might initiate fresh bullish momentum, while a fall below $35.77 could initiate a deeper correction. The 14-day RSI indicates bullish momentum continues but with caution for possible pullbacks. • Silver is around $36.30 in the Asian session, retracing slightly from recent gains. • Price is still within an uptrending channel, representing a dominant bullish trend. • Primary resistance is at the February 2012 high of $36.89. • Support is at the lower trend line of the uptrending channel near $36.10 and the nine-day EMA at $35.77. • The 14-day RSI remains below 70, representing bullish strength with scope for minor pullbacks. • A fall below $35.77 can result in a test of the 50-day EMA at $33.74. • Non-closure below the 50-day EMA can pull the price down to the two-month low of $31.65. Silver remains in the interest of investors as economic uncertainty and inflation fears around the globe fuel demand for safe-haven assets. Demand for the metal remains high, buoyed by its dual function as a precious metal and an industrial metal. Rising interest from investors looking to diversify has continued to keep silver on the radar, particularly as market participants seek alternatives in precious metals amid volatile currency exchanges and changing monetary policies. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView Aside from its investment attractiveness, silver’s industrial demand remains strong, especially in applications like electronics, solar panels, and electric vehicles. The global move towards renewable energy and emerging technologies continues to support silver’s long-term prospects. As the industries increase their usage of silver for its particular conductive and reflective characteristics, the metal can continue to have strong demand growth in the future. TECHNICAL ANALYSIS Silver price is still in a clearly defined upward channel, showing continued bullish momentum. Price is trading above the nine-day Exponential Moving Average (EMA), which shows that short-term support is very strong. The 14-day Relative Strength Index (RSI) is just below the overbought region, meaning that while buyers are in control, the market can expect occasional consolidations or pullbacks. A successful breakout over the immediate resistance would further confirm the bull structure, while a breakdown below important support levels would signal a possible change in momentum. FORECAST If silver pierces the near-term resistance at $36.89, it may spur new bullish momentum, pushing the price towards the ceiling of the uptrend channel at $38.50. Ongoing strength in industrial demand, coupled with safe-haven demand in the face of global economic uncertainty, could also fuel the upside. Investor optimism and firm macroeconomic conditions could spur the bullish trend in the near term. To the negative, a breakdown below support at $36.10 or the nine-day EMA level at $35.77 could set the stage for a more severe correction. A prolonged decline below these levels might leave silver vulnerable to the 50-day EMA at $33.74, and if bearish momentum accelerates, the price could challenge the two-month low at $31.65. Deteriorating industrial demand, superior U.S. dollar performance, or changes in interest rate expectations might put a lid on silver prices.

Read More
Commodities Silver

Silver Price Prognosis: Bullish Trend Approaches Important Resistance at $33.70 with Geopolitical Tensions and Weaker Greenback

  • BY
  • May 26, 2025
  • 0 Comments

Silver futures are experiencing bullish momentum around the $33.50 level with support from a soft US Dollar and increased geopolitical tensions. Above the very significant 100-day EMA and having a robust RSI reading, the metal is ready to test immediate resistance in the $33.60-$33.70 zone. A definitive breakout above this level would set the stage for additional advances towards $34.60 and even the psychological $35.00 level. To the downside, support is solidly established at $32.61, with a breakdown potentially sending prices to the 100-day EMA around $32.20 and lower to $31.00. Traders will also be monitoring the Bank of Japan Governor’s address for further insight. KEY LOOKOUTS • A strong break above this near-term resistance area would set the stage for more upside action towards $34.60 and the psychological $35.00 mark. • The May 22 low is a key support. A fall below it could see the stock fall towards the 100-day EMA at $32.20 and then possibly $31.00. • Price of silver continues to find support above the 100-day EMA, and the RSI reading of 57.45 reflects continued bullish momentum in the short term. • Rising geopolitical tensions and a weaker US Dollar are major drivers underpinning silver’s safe-haven demand, as investors also look forward to the Bank of Japan Governor’s speech for continued market guidance. Silver is presenting very strong signs of bullishness as it hovers around $33.50, aided by the weak US Dollar and persistent geopolitical tensions that increase demand for safe-haven assets. The metal is well above its 100-day EMA, and the RSI indicates sustained upward momentum. There is immediate resistance around the $33.60-$33.70 area, with the breakout expected to push prices towards the May 28 high of $34.60 and the important psychological level of $35.00. On the downside, the $32.61 support needs to be monitored; a break below here may push prices to a more significant pullback to the 100-day EMA around $32.20 and possibly $31.00. Market attention is also focused on the upcoming Bank of Japan Governor’s speech, which may influence broader risk sentiment and silver’s trajectory. Silver is trading close to $33.50, underpinned by a declining Dollar and increased geopolitical tensions, sustaining bullish momentum above the 100-day EMA. Important resistance is at $33.60-$33.70, with a possible breakout targeting $34.60 and $35.00, with support at $32.61. Traders look for the Bank of Japan Governor’s speech for additional market clues. • Silver price is trading close to $33.50, with modest gains in early European session. • The metal continues to be supported above the pivotal 100-day Exponential Moving Average (EMA). • Relative Strength Index (RSI) is at 57.45, which is bullish. • The nearest resistance is at the $33.60-$33.70 zone, with a breakout offering a chance to push prices to $34.60. • A psychological resistance level to be watched is $35.00. • Important support rests at $32.61, with a likely fall towards $32.20 (100-day EMA) and $31.00 if violated. • Geopolitical tensions, a declining US Dollar, and the upcoming speech of the Governor of the Bank of Japan are significant price-moving factors. Silver is now gaining traction in the midst of rising geopolitical tensions and a weakening US Dollar, which are fueled by rising demand for safe-haven assets. Precious metals such as silver are becoming more attractive to investors as a hedge against volatility and uncertainty. The metal is also gaining traction owing to concerns about the global economy, which are instilling cautious optimism in both traders and analysts. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView Market players are also paying close attention to some important forthcoming events, such as a speech by the Governor of the Bank of Japan, which may have an impact on overall investor sentiment. These considerations together indicate that silver is likely to remain under the radar as geopolitical factors and economic policies continue to move in different directions, influencing the near-term outlook for the precious metals market. TECHNICAL ANALYSIS Silver is exhibiting consistent bullish pressure with the metal trading higher than its 100-day Exponential Moving Average, indicating underlying strength within the market. The Relative Strength Index (RSI) is well above the midline, indicating positive momentum without going into overbought levels. The main resistance can be seen around the $33.60-$33.70 zone, which, if broken, may open up for higher targets. On the other hand, firm support levels at $32.61 offer a cushion, keeping the present bullish trend in place while restricting downside risks. FORECAST If silver does break decisively above the near resistance area of $33.60-$33.70, it might pick up a lot of steam and move towards the new high of $34.60. This break may draw in more buyers, which could send prices higher towards the important psychological level of $35.00. Optimism in the market driven by continuing geopolitical tensions and weakness in the US Dollar might also sustain this move higher. To the contrary, if silver does not stay above the support line of $32.61, it can see rising selling pressure, which can send it into a pullback towards the 100-day EMA level of $32.20. A break below there can expose it to further fall towards $31.00, testing the lower edge of the Bollinger Bands. Traders need to monitor these important levels since a breakdown might indicate a change in momentum and, more importantly, extend any corrective phase.

Read More