Silver Price Analysis: XAG/USD rebound remains elusive below $19.50

Silver Price picks up bids to consolidate losses at two-year low.
Dojis in the last two days hint at traders’ indecision, oversold RSI signal further recovery.
Five-month-old previous support guards immediate upside, early 2020 tops probe bears.

Anil Panchal FXStreet

Silver Price (XAG/USD) renews intraday high around $19.30 after portraying sluggish moves in the last two days. Even so, the bright metal remains below the previous key support, now resistance, during Friday’s Asian session.

It should be noted that the oversold RSI conditions suggest the quote’s further recovery towards the support-turned-resistance line from February, near $19.50.

However, the bearish MACD signals and the $20.00 round figure may challenge the quote’s further upside.

It’s worth noting that the May month low of $20.45 act as the key hurdle for silver buyers to watch to retake control.

On the contrary, the highs marked during February and January 2020, respectively around $18.95 and $18.85, could challenge the XAG/USD bears.

In a case where the silver prices decline below $18.65, the June 2020 peak of $18.39 and late 2019 high surrounding $18.33 could challenge the sellers before directing them to the late 2020 bottom near $16.95.

Overall, multiple Dojis and mixed oscillators portray the XAG/USD traders’ confusion ahead of the key US jobs report for June.

Silver: Daily chart

Trend: Recovery expected

Additional important levels

Overview
Today last price	19.26
Today Daily Change	0.03
Today Daily Change %	0.16%
Today daily open	19.23

Trends
Daily SMA20	20.83
Daily SMA50	21.5
Daily SMA100	23.18
Daily SMA200	23.22

Levels
Previous Daily High	19.49
Previous Daily Low	19.1
Previous Weekly High	21.54
Previous Weekly Low	19.39
Previous Monthly High	22.52
Previous Monthly Low	20.22
Daily Fibonacci 38.2%	19.34
Daily Fibonacci 61.8%	19.25
Daily Pivot Point S1	19.06
Daily Pivot Point S2	18.89
Daily Pivot Point S3	18.67
Daily Pivot Point R1	19.44
Daily Pivot Point R2	19.66
Daily Pivot Point R3	19.83

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

GBP/USD drops to multi-month troughs near 1.3140

GBP/USD adds to Tuesday’s pullback and recedes to the lowest level since November 2025 near 1.3140. A firmer Greenback and continued political turmoil in the UK are keeping Cable under persistent pressure, with little sign of a meaningful recovery.

EUR/USD bounces off YTD lows around 1.1320

EUR/USD extends its decline on Wednesday, falling to fresh yearly lows near 1.1320. The pair remains on the defensive as the US Dollar continues to draw support from hawkish Fed expectations and uncertainty over the outcome of US-Iran peace negotiations.

Gold trims losses, back above $4,000

Gold retreats further and breaches below the key $4,000 mark per troy ounce for the first time since November 2025 on Wednesday. Higher-for-longer Fed expectations and a broadly firmer US Dollar continue to weigh on the precious metal, while uncertainty surrounding a potential US-Iran peace agreement has done little to revive demand for the safe haven space.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East.

5.90% to 5.45%: Why the Pound ignored the bond market’s relief rally

Keir Starmer resigned on Monday, and the Pound barely moved. That near-silence is the tell. Sterling's real driver these past four months has not been the prime minister, nor the left-leaning frontrunner lining up to replace him, but the long end of the gilt curve, which answers to a force no British politician controls.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.