Silver Price Forecast: XAG/USD Eyes Breakout Above $37.35 Resistance

Silver Price Forecast: XAG/USD Eyes Breakout Above $37.35 Resistance

Published: July 11, 2025
Category: Commodities | Silver | Technical Analysis

XAG/USD Maintains Bullish Bias, Eyes Major Breakout Above $37.35

Silver (XAG/USD) is trading positively for the second straight day, testing a multi-week trading range resistance around $37.20–$37.35 during early Friday's Asian session. The white metal is up 0.40% on the day, continuing the bullish momentum it regained yesterday.

Technical Indicators Support Near-Term Upside

• Relative Strength Index (RSI) stays above the neutral 50 mark
• MACD histogram and signal line have not yet confirmed a fresh bullish crossover
• A confirmed break above the $37.30–$37.35 zone could open room toward $38.00

Traders are watching this resistance area closely, which aligns with the highest price levels seen since February 2012.

Bullish Targets and Pullback Zones

Should bulls push through $37.35, the next levels to monitor are:

• $38.00 (psychological round number)
• $38.35–$38.40 (technical extension)
• $39.00, a level last touched in September 2011

Any pullback below $37.00 may still present a buying opportunity, especially if buyers maintain control above key moving averages and RSI levels.

Key Takeaways:

• Silver trades with a positive tone, testing major resistance
• Breakout above $37.35 can trigger strong bullish continuation
• Price action remains technically supported, with downside moves likely limited
• Long-term momentum could take XAG/USD toward the $39.00 historical zone

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