Buyers supported the lower-$58 price zone, boosting silver off its previous intraday low to settle just under $59.16. The rebound has lifted immediate downside pressure, but the charts are not yet giving a clear indication of a complete trend reversal. Price continues to be held back by a number of wider resistance levels, while momentum…
Silver is trading around $70, with traders still in a narrowing trading range after last week's support bounce. XAG/USD tested the lows very recently, but the price action is yet to surpass the resistance lines to validate a firm rally. Price action has been narrowing after some high-volatility sessions. Buyers have been able to hold…
Silver is trading inside an important decision area as traders await to see if the precious metal can stabilize at its recent bottom and continue to rise higher. As can be seen on the latest XAG/USD charts, the price has been consolidating after a robust rally and is now forming a new daily chart setup,…
The silver move coincided with a rising inventory of the same metal in SHFE vaults and a deteriorating chart structure from the side of the platinum analysts. Silver was broadly down, and platinum had fresh technical weakness in precious metals in Shanghai. Silver and gold, palladium and platinum also ended the session down, with silver…
XAGUSD was near a short-term pivotal zone following a rejection of silver around $74. Traders on X published technical charts that revealed that silver met a barrier near the top, while buyers were also watching for a potential response at $73. The most recent silver price analysis put $73 as the primary support level and…
On April 21st, silver was around $78.35, barely above the lowest point of the day, after another try at getting back to nearly $79 didn't work. In the short term, things are uncertain. It has gained some strength since its lowest price earlier in the day; as of now, silver is still under the resistance…
All the recent charts of X, Investing.com, and TradingView are pointing to silver having broken higher, regained major support, and continues to trade in a bullish tone, although the momentum is beginning to slow towards the end of the move. Silver is soaring again, with XAG/USD trading towards the level of $79 as buyers continue…
Silver is pushing higher again, with traders focusing on whether XAGUSD can turn the latest rebound into a clean breakout. Posts on X are pointing to improving structure, while the TradingView daily chart shows price holding above the short-term trend area and momentum starting to recover. At the time of writing, TradingView shows silver at…
Silver is under renewed pressure as sellers push XAGUSD down toward the $70.50 area. The latest charts show a sharp daily decline, a failed push above $75, and a market that is now testing whether support near $70 can hold Importantly, that move matters since silver had been trying to stabilize after the March selloff.…
On March 26, the silver plummeted, and the new charts indicate the sellers are driving the metal back to the $67 region. Whether this zone can hold is now under observation by commodity traders, hedge funds, and industrial buyers. The price has fallen at a quick pace to ignore recovery expectations and favor support levels…