Silver Price Forecast: XAG/USD Maintains Bullish Momentum Above $34.00

Silver Outlook: Bullish Momentum Holds as XAG/USD Supported Above $34.00

Bullish Technical Setup Remains Intact

Silver prices (XAG/USD) continue trading positively, firmly holding above the $34.00 level. Technically, the metal is moving within a rising triangle pattern, signaling sustained bullish momentum. Resistance lies in the $34.60–$34.80 range, a breakout zone that could invite further gains.

Chart Insight: Explore live silver technicals in our precious metals section.

Weaker USD Lifts Silver

A softening US Dollar is a key factor supporting silver’s bullish tone. Wednesday’s disappointing US ISM Services PMI showed a surprise contraction, while the ADP employment report revealed lackluster payroll growth—both fueling recession fears and weakening USD demand.

Safe-Haven Appeal in Focus

Investor interest in safe-haven assets like silver remains strong. Ongoing global trade uncertainty—particularly strained US-China negotiations and statements by former President Donald Trump regarding talks with Xi Jinping—has further added to demand for defensive assets.

Related: How trade tensions impact commodity prices – read our macro trends guide.

What Traders Should Watch

• Can XAG/USD break $34.80 resistance?
• Is the USD poised for a technical rebound?
• Will upcoming NFP data affect risk sentiment and silver’s trajectory?