Silver Price Analysis: XAG/USD rally stalls at around 200-DMA, bears eye $22.00

XAG/USD trades at around $22.85, a modest gain of 0.29%.
Supports are identified at the psychological level of $22.50, the 50-DMA at $22.85, and the 20-DMA at $22.21.
Immediate resistance lies at the 200-DMA at $23.31, with a key hurdle at the recent cycle high of $23.76.

Christian Borjon Valencia FXStreet

Silver price (XAG/USD) clings to gains although US Treasury bond yields continued to rise. However, the white-metal, failed to reclaim the 200-day moving average (DMA), leaving Silver exposed to selling pressure, but at the time of writing, exchanges hands at $22.85, gaining 0.29%.

The daily chart portrays XAG/USD as neutral-downward biased, as the market structure registers lower highs and lower lows. Even though Silver has rallied from around October lows of $20.65, the ongoing rally is an impulse, which needs to clear the latest cycle high of $23.76. to pave the way for a bullish resumption.

Consequently, as XAG/USD’s downtrend remains in place, the current uptrend offers sellers a better entry price. Silver’s first support would be the psychological $22.50 figure after the white metal dropped below the 50=DMA at $22.85. Once those two areas are cleared, the next support would emerge at the 20-DMA at $22.21, followed by the $22.00 mark. Conversely, if XAG/USD climbs past the $23.00 figure, a challenge on the 200-DMA at $23.31 is on the cards.

XAG/USD Price Action – Daily chart

XAG/USD Technical Levels

XAG/USD

Overview
Today last price	22.86
Today Daily Change	0.06
Today Daily Change %	0.26
Today daily open	22.8

Trends
Daily SMA20	22.25
Daily SMA50	22.91
Daily SMA100	23.31
Daily SMA200	23.33

Levels
Previous Daily High	23.01
Previous Daily Low	22.37
Previous Weekly High	22.82
Previous Weekly Low	21.57
Previous Monthly High	24.82
Previous Monthly Low	22.12
Daily Fibonacci 38.2%	22.77
Daily Fibonacci 61.8%	22.62
Daily Pivot Point S1	22.45
Daily Pivot Point S2	22.09
Daily Pivot Point S3	21.81
Daily Pivot Point R1	23.08
Daily Pivot Point R2	23.36
Daily Pivot Point R3	23.72

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.

EUR/USD slumps below 1.1800 on hawkish Fed Minutes, eyes on ECB succession

The EUR/USD pair tumbles to a near two-week low around 1.1785 during the early Asian session on Thursday. The US Dollar strengthens against the Euro on hawkish FOMC minutes that revived speculation about potential interest rate hikes if inflation remains elevated.

GBP/USD extends decline as weak jobs data bolsters BoE rate cut bets

The Pound Sterling continued to backslide under sustained pressure on Wednesday, following through after the UK employment report on Tuesday showed a labour market deteriorating faster than expected.

Gold consolidates the rebound below $5,000, US data eyed

Gold price consolidates the previous rebound below $5,000 in the Asian session on Thursday. The precious metal recovered on Wednesday amid shifts in geopolitical sentiment, boosting safe-haven demand. Traders will keep an eye on the release of US Initial Jobless Claims, Pending Home Sales data, and the Fedspeak later on Thursday.

Bitcoin approaches a critical zone: Bear pennant projects $56,000

Based on the most recent analyses from February 2026, the short answer is that it is highly unlikely that Bitcoin will reach $100,000 this month.

Mixed UK inflation data no gamechanger for the Bank of England

Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.