Silver Price Forecast: XAG/USD Holds Above $36.00 With Bullish Momentum Intact

Silver Price Forecast: XAG/USD Holds Above $36.00 With Bullish Momentum Intact

Silver Advances in Early Monday Session

Silver price (XAG/USD) edged up by 0.55% to $36.20 during early European trading hours on Monday, supported by a softer US Dollar amid rising expectations for Fed rate cuts in 2025. A weaker USD increases appeal for silver, which is priced in dollars, making it cheaper for foreign buyers.

Technical Indicators Reinforce Bullish Bias

On the technical front, Silver remains above the 100-day Exponential Moving Average (EMA)—a key support level that reinforces the ongoing bullish trend. The Relative Strength Index (RSI) stands firm at 57.40, well above the neutral 50 level, indicating ongoing bullish momentum in the short term.

Key Levels to Watch

• Resistance levels:
  • $36.84 – June 26 high
  • $37.40 – Upper Bollinger Band boundary
  • $38.00 – Psychological barrier
• Support levels:
  • $35.28 – Initial support
  • $34.70 – 50-day EMA

A confirmed break above $36.84 could further fuel gains toward $38.00, while a drop below $35.28 might expose downside toward the next EMA support.

Internal Linking Suggestions:

• Latest Gold and Silver Price Updates
• US Dollar Index (DXY) Movement
• Fed Interest Rate Speculation