Silver Price Analysis: XAG/USD soars and breaks above $25.00, hits four-month high

Silver (XAG/USD) surpasses the key $25.00 level, reaching a four-month peak at $25.25.
After a brief pause on November 29, Silver resumed its upward trend.
Key resistance levels to watch include the psychological barrier at $25.50, the May 10 swing high at $25.91, and the year-to-date high of $26.13.
XAG/USD would shift bearish on a daily close below $25.00.

Christian Borjon Valencia FXStreet

Silver climbs above the $25.00 figure for the first time since August and reaches a four-month high of $25.25, even though US Treasury bond yields and the US Dollar (USD) post solid gains. Nevertheless, the grey metal rises more than 0.70%, exchanging hands above the $25.10 area.

The XAG/USD resumed its uptrend after pausing on November 29, which witnessed the formation of a ‘doji,’ but buyers achieving a daily close above $25.00 opened the door for further gains. That said, the first resistance would be the psychological $25.50 area, followed by the May 10 swing high at $25.91, ahead of the year-to-date (YTD) high of $26.13.

For a bearish turnaround, sellers need a daily close below $25.00, before they push prices toward the November 29 low of $24.85, ahead of the November 28 low of $24.54.

XAG/USD Price Analysis – Daily Chart

XAG/USD Technical Levels

XAG/USD

Overview
Today last price	25.19
Today Daily Change	0.20
Today Daily Change %	0.80
Today daily open	24.99

Trends
Daily SMA20	23.44
Daily SMA50	22.87
Daily SMA100	23.3
Daily SMA200	23.38

Levels
Previous Daily High	25.26
Previous Daily Low	24.85
Previous Weekly High	24.33
Previous Weekly Low	23.25
Previous Monthly High	23.7
Previous Monthly Low	20.68
Daily Fibonacci 38.2%	25.01
Daily Fibonacci 61.8%	25.1
Daily Pivot Point S1	24.81
Daily Pivot Point S2	24.62
Daily Pivot Point S3	24.39
Daily Pivot Point R1	25.22
Daily Pivot Point R2	25.45
Daily Pivot Point R3	25.64

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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