Silver Price Forecast: XAG/USD Retests $36.00 Support Amid Weakened Short-Term Momentum

Silver Technical Outlook – June 24, 2025

Silver (XAG/USD) retreats from recent highs and is now testing key support at $36.00, the lower boundary of an ascending channel that has guided its bullish momentum in recent sessions.

Key Technical Highlights:

• Resistance: Immediate resistance stands at the nine-day EMA of $36.16. A breakout above this level could propel Silver toward the February 2012 high at $37.32, and potentially toward the upper band of the channel near $39.50.
• Support: The channel’s lower trendline offers immediate support near $36.00. A break below this could expose the next downside levels near $35.20.
• Momentum Indicator: The 14-day RSI remains comfortably above the neutral 50 mark, indicating ongoing bullish pressure despite near-term pullbacks.

What’s Next for Silver?

If buyers successfully reclaim the 9-day EMA, the bullish continuation could target February highs. Conversely, failure to hold $36.00 might lead to a deeper corrective move. Market participants should closely monitor momentum signals and channel integrity for trade cues.

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