Silver Price Forecast: XAG/USD Struggles Below $36.00 as Bears Lack Conviction
By tredu.com • 7/1/2025
Tredu
Silver Price Forecast: XAG/USD Struggles Below $36.00 as Bears Lack Conviction
Silver (XAG/USD) faced renewed selling pressure on Tuesday during the Asian session, erasing part of its overnight recovery from the $35.40 multi-day low. The metal is now trading around $35.85, down 0.70% intraday, as market participants remain cautious.
Technical Overview: Mixed Momentum Signals
- MACD (Moving Average Convergence Divergence): Histogram and signal line trending lower – bearish sign
- RSI (14): Still above 50 – a neutral to slightly bullish reading
Despite bearish pressure, the lack of strong follow-through suggests indecision, with the $35.40–$35.50 support zone providing an initial cushion.
Key Support and Resistance Levels:
LevelSignificance$37.00Resistance / Recent breakdown point$36.00Psychological barrier$35.50–$35.40Immediate support zone$35.00Next psychological support$34.75 / $34.45Intermediate technical supports
A clear break below $35.40 could activate technical selling, exposing Silver to further downside toward $35.00 and potentially $34.45 in the short term. On the flip side, a decisive move above $37.00 is needed to invalidate the bearish outlook and restore bullish momentum.
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