Silver Price Analysis: XAG/USD outshines Gold, near YTD highs despite high US yields

Silver's bullish streak leads above $25.00, defying broader market trends with over 1.40% gains.
A new year-to-date high at $25.44 highlights XAG/USD’s resilience, with $26.00 now in sight as next resistance.
Should Silver retreat below $25.00, a move towards $24.50 and potentially $24.01 could unfold, testing buyer strength.

Christian Borjon Valencia FXStreet

Silver's price shines on Friday and registers solid gains of more than 1.40%, shrugging off Gold’s two consecutive days of losses. It rises 1.52%, trading at $25.18 a troy ounce at the time of writing. XAG/USD advanced even though the Greenback remains strong, underpinned by high US Treasury bond yields.

XAG/USD Price Analysis: Technical outlook

During the session, Silver printed a new year-to-date (YTD) high of $25.44, but the advance toward $26.00 was capped by an upslope support trendline that turned resistance. That sent XAG/USD retreating toward the current price levels. Nevertheless, the Relative Strength Index (RSI) indicator is still bullish, indicating that bullish momentum remains in charge, and the $26.00 resistance level could be up for grabs.

On the other hand, if XAG/USD falls below $25.00, sellers could launch an assault towards the $24.50 area, followed by the March 12 daily low of $24.01.

XAG/USD Price Action – Daily Chart

XAG/USD

Overview
Today last price	25.19
Today Daily Change	0.36
Today Daily Change %	1.45
Today daily open	24.83

Trends
Daily SMA20	23.51
Daily SMA50	23.05
Daily SMA100	23.35
Daily SMA200	23.31

Levels
Previous Daily High	25.16
Previous Daily Low	24.74
Previous Weekly High	24.64
Previous Weekly Low	23.02
Previous Monthly High	23.5
Previous Monthly Low	21.93
Daily Fibonacci 38.2%	24.9
Daily Fibonacci 61.8%	25
Daily Pivot Point S1	24.66
Daily Pivot Point S2	24.49
Daily Pivot Point S3	24.24
Daily Pivot Point R1	25.08
Daily Pivot Point R2	25.33
Daily Pivot Point R3	25.5

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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