Silver Price Outlook : Silver price holds steady around $37.80 after recent gains. Learn the key support and resistance levels, market sentiment, and what could come next for XAG/USD.
🌐 Current Silver Price Movement
Silver (XAG/USD) is trading calmly at $37.80 per troy ounce during early Wednesday in Asia. This comes after three strong sessions of gains. The chart shows Silver is moving in an upward channel, which usually means the market has a bullish (positive) trend.
📊 Technical Indicators: What the Chart Tells Us
RSI Shows Strength
The 14-day Relative Strength Index (RSI) is above 50, which usually signals buying interest and supports the bullish trend.
EMA Tells a Different Story
However, Silver is trading below its 9-day Exponential Moving Average (EMA). This suggests that short-term momentum is slowing, so we may see a bit of caution in the near term.
Silver Price Outlook and Forecast 2025
📈 Key Resistance Levels to Watch
If Silver keeps moving up, the next big target is around $39.53 – a level not seen since September 2011, which was touched on July 23.
- If the price breaks above $39.53, it may push further towards the top of the ascending channel near $40.60.
📉 Key Support Levels in Case of a Drop
If the price pulls back, it may first test:
- The 9-day EMA near $37.69
- Then the 50-day EMA around $36.71
- Followed by the channel’s lower edge at $36.50
If Silver falls below this support zone, it could start a bearish trend, possibly dropping to:
- $35.28 – the 9-week low from June 24
- Or even $31.65 – the 4-month low
🔍 Final Thoughts
Right now, Silver is still in a bullish zone, but the short-term indicators are mixed. Traders and investors should watch the key levels closely – especially $39.53 on the upside and $36.50 on the downside.
Keep your strategy flexible and stay updated with market news to make better trading decisions.
DISCLAIMER: The views in this story are expressed by the respective experts of the research and brokerage firm. GoldSilverReports.com Online does not bear any responsibility for their advice. Please consult your investment advisor before investing.