Silver Price Forecast: XAG/USD Breaks Above $36.90, Bullish Flag Confirmed Amid Geopolitical Tensions

Silver Price Forecast: XAG/USD Breaks Above $36.90 Confirming Bullish Flag Pattern

Silver (XAG/USD) surged above the $36.90 resistance level, breaking out from a bearish channel formed since early June. This breakout confirms a bullish flag pattern, signaling a continuation of the longer-term upward trend.

Safe-Haven Demand Boosts Silver Prices

The ongoing Israel-Iran conflict has increased risk aversion in global markets, driving safe-haven demand for precious metals including silver. With US President Trump contemplating potential intervention, geopolitical uncertainty supports silver’s bullish momentum.

Key Resistance and Market Focus

The immediate resistance level for XAG/USD now stands at $37.85. Market participants are closely watching the Federal Reserve’s upcoming interest rate and economic forecasts, which could influence the US Dollar and, consequently, silver prices.

Internal Linking Suggestions for Tredu.com

• Silver Price Live Chart and Analysis
• Impact of Geopolitical Risks on Precious Metals
• Federal Reserve Rate Decision and Market Impact
• Gold and Silver Safe-Haven Trends