Last Updated on 25/08/2026
- XAG/USD retreats as buyers struggle to break above the $70.00 resistance level.
- The RSI remains bullish but is weakening, pointing to fading short-term momentum.
- A drop below $68.42 could open the door to further declines toward $65.64 and $62.19.
Silver (XAG/USD) reversed lower on Monday, falling 0.59% as buyers failed to break above the $70.00 threshold. The rejection triggered a pullback toward the 100-day Simple Moving Average (SMA) at $68.42, with XAG/USD trading around $68.52 after reaching an intraday high of $69.92.
XAG/USD Price Forecast: Technical Outlook
Despite the recent decline, Silver’s broader uptrend remains intact as the price holds near the 100-day SMA. The Relative Strength Index (RSI) remains in bullish territory, although weakening momentum suggests buyers are losing some short-term strength.
The higher-high and higher-low structure continues to favor further upside. However, bulls need to reclaim the $70.00 level to target the 200-day SMA at $72.13. A sustained move above that level could shift attention toward the May 25 cycle high at $78.83.
On the downside, the 100-day SMA at $68.42 remains the first key support. A decisive break below it could expose the August 20 low at $65.64, followed by the August 19 swing low at $62.19. Further weakness could bring the 50-day SMA at $61.34 into focus.
Leave a Reply