- Silver attracts fresh sellers on Tuesday and stalls the overnight solid rebound from the $61.00 mark.
- The broader technical setup favors the XAG/USD bears and backs the case for a further depreciation.
- A sustained strength back above the 100-day SMA is needed to negate the near-term negative bias.
Silver (XAG/USD) struggles to capitalize on the previous day’s solid recovery move from the $61.00 mark, or its lowest level since December 12, and meets with a fresh supply during the Asian session on Tuesday. The white metal dives back closer to mid-$66.00s in the last hour and remains vulnerable to prolong a two-week-old downtrend.
From a technical perspective, last week’s breakdown and the daily close below the 100-day Simple Moving Average (SMA) for the first time since April 2025 were seen as key triggers for the XAG/USD bears. This break also places the commodity back into a downside phase within a broader uptrend context, as the Moving Average Convergence Divergence (MACD) turns negative and the line holds below its signal with an expanding negative histogram, signaling strengthening selling pressure.
Furthermore, the Relative Strength Index (RSI) around 33 stays below the 50 midline and leans toward oversold territory, reinforcing the downside momentum rather than showing clear exhaustion. Meanwhile, the current low near $67.00 acts as initial support, and a sustained break below this level would expose $63.00 as the next support area, followed by $60.00, where dip-buying could attempt to stabilize the broader bullish structure.
On the upside, immediate resistance emerges at the recent breakdown zone near $73.00, aligned with the 100-day SMA around $74.00, where any rebound would face initial selling interest. A daily close above that area would open the way toward $80.00 as the next resistance before the $85.00 region caps the upside.
(The technical analysis of this story was written with the help of an AI tool.)
XAG/USD daily chart
