Silver Price Prediction: XAG/USD Holds Near $33.00 Amid Neutral Bias

Silver Price Prediction: XAG/USD Bounces Around $33.00 After EMA Test

The silver price (XAG/USD) is hovering around $33.00 per troy ounce during early Friday trading in Asia, as the metal attempts to recover losses from the prior session. Despite a dip below the nine-day Exponential Moving Average (EMA), the pair has managed to stabilize, signaling a neutral short-term outlook.

Technical Indicators Show Mixed Momentum

• Immediate resistance: Nine-day EMA at $33.10
• Immediate support: 50-day EMA at $32.71
• RSI (14-day): Still above 50, hinting at underlying bullish potential

The daily chart shows range-bound price action, with the metal trading within a rectangular pattern. A sustained move above the nine-day EMA could validate bullish momentum, while a drop below the 50-day EMA may send silver toward the lower end of the range at $31.90, and possibly to the May 15 low of $31.65.

What to Watch Next

The next directional move in XAG/USD could depend on:

• A confirmed break above $33.10 for bullish continuation
• A fall below $32.71 which could trigger further downside toward key support levels

The broader market sentiment around precious metals, US Dollar strength, and macroeconomic indicators such as US inflation and rate expectations will also shape silver’s price trajectory.

Key Takeaways:

• Silver trades neutral around $33.00 amid uncertain short-term momentum
• Key resistance at $33.10 (9-day EMA); support at $32.71 (50-day EMA)
• RSI above 50 keeps bullish hopes alive
• Breakdown below support may target $31.90 and $31.65
• Traders eye technical levels amid macroeconomic uncertainty

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