Silver Price Analysis: XAG/USD Holds Above $36.00, Bullish Channel Intact

Silver Price Holds Above Key Support Amid Bullish Channel

The Silver price (XAG/USD) is consolidating recent gains on Friday, hovering around $36.30 during the Asian session. The metal remains inside a bullish ascending channel, supported by short-term technicals and macro sentiment.

Technical Structure Favors Bulls

Silver continues to trade above the nine-day Exponential Moving Average (EMA), reinforcing its short-term bullish trend. The 14-day Relative Strength Index (RSI) is holding just under 70, signaling strong but non-overbought conditions, leaving room for further upside or a controlled pullback.

Immediate Support: $36.10 (channel lower edge)
Key Resistance: $36.89 (February 2012 high)
Bullish Target: $38.50 (upper boundary of the channel)

Resistance at $36.89 in Focus

If bulls manage to break above $36.89, the highest level since February 2012, XAG/USD may accelerate toward the channel top near $38.50. On the downside, $36.00–36.10 remains a vital support zone that must hold to prevent deeper losses.

Related: Gold Price Surges Above $3,400 on Safe-Haven Demand

Outlook

Silver's medium-term trend remains constructive as long as price stays above the rising channel’s lower boundary. A breakout above multi-year resistance could open the path to fresh highs, provided geopolitical and inflation-related demand for metals stays firm.