Silver Price Analysis: XAG/USD clinging onto 200-DMA support, downside favored

  • Silver’s path of least resistance appears down, per the daily chart.
  • Acceptance below 200-DMA support to trigger a fresh sell-off.
  • RSI stays bearish, with 21-DMA acting as a strong upside hurdle.

Silver (XAG/USD) extends weakness into the second straight day on Thursday, as the critical 200-daily moving average (DMA) support at $25.03 is now put to test.

The white metal managed to close Wednesday above that level, although the upside break lacked conviction, as the sellers return on Thursday.

The 14-day Relative Strength Index (RSI) trades listless below the midline, the bearish territory, allowing room for declines.

The XAG bears are now looking for a strong foothold below 200-DMA, below which a steep drop towards the April 5 low of $24.61 cannot be ruled.

The psychological $24 mark could guard the downside towards the three-month lows of $23.78.

Silver Price Chart: Daily

However, if the bulls retain control above the abovementioned crucial support at $25.03, a bounce towards the horizontal 21-DMA, now at $25.40 can be seen.

The horizontal 100-DMA at $25.67 is a powerful hurdle for the bulls to crack.  

Silver Additional levels


Today last price 25.04
Today Daily Change -0.09
Today Daily Change % -0.36
Today daily open 25.14
Daily SMA20 25.41
Daily SMA50 26.26
Daily SMA100 25.67
Daily SMA200 25
Previous Daily High 25.27
Previous Daily Low 24.86
Previous Weekly High 25.11
Previous Weekly Low 23.78
Previous Monthly High 27.08
Previous Monthly Low 23.78
Daily Fibonacci 38.2% 25.02
Daily Fibonacci 61.8% 25.11
Daily Pivot Point S1 24.91
Daily Pivot Point S2 24.67
Daily Pivot Point S3 24.49
Daily Pivot Point R1 25.32
Daily Pivot Point R2 25.51
Daily Pivot Point R3 25.74




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