Silver has climbed above $87.00 after rebounding from one-month lows below $72.00. Precious metals are rising on Tuesday as overall market sentiment improves, though XAG/USD bulls may face resistance in the $88.00–$90.00 zone.
Silver (XAG/USD) is posting modest gains on Tuesday, trading around $87.05 at the time of writing. The white metal has stabilized after plunging more than 30% over the previous two sessions, which pushed prices to one-month lows just below the $72.00 level.
In a departure from their typical behavior, precious metals are rebounding alongside an improvement in broader market sentiment. Optimism stemming from a trade agreement between the United States and India, along with reports of forthcoming nuclear talks with Iran, has lifted investor confidence and increased appetite for risk assets.
Technical analysis: XAG/USD faces immediate resistance at $88.00.
XAG/USD has recovered part of its recent losses, though technical indicators continue to signal a bearish bias. The Moving Average Convergence Divergence (MACD) remains below both the signal line and the zero level, even as the negative histogram narrows toward zero. Meanwhile, the Relative Strength Index (RSI) is ticking higher, suggesting a gradual easing of downside pressure, but it remains below the critical 50 threshold.
On the upside, the pair is expected to encounter resistance near Monday’s highs around the $88.00 mark. A sustained break above this level could shift attention toward the psychological $100.00 handle, followed by intraday resistance near $104.00.
On the downside, immediate support is located at the monthly low of $71.37. A break below this level would expose the early-December highs and mid-December lows clustered around the $60.00 area.
Sources: Guillermo Alcala
THE ETERNAL SOVEREIGN 
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