Silver Price Analysis: XAG/USD stays above 100-day SMA despite recent pullback

Silver refreshes intraday low following a pullback from $26.58.
Sustained break of medium-term resistance line, 100-day SMA favor buyers.
Monthly support line adds to the downside filters.

Anil Panchal FXStreet

Silver declines to $26.09, down 0.33% intraday, during the pre-European trading on Tuesday. Even so, the white metal remains above 100-day SMA amid bullish MACD.

As a result, silver bulls are geared towards the mid-September highs, near $27.60, with the previous day’s top near $27.40 acting as an immediate upside barrier.

While RSI conditions may challenge the bullion buyer beyond $27.60, highs marked in September and August, respectively around $28.90 and $29.85, will add to the upside filters ahead of the $30.00 threshold.

On the contrary, a downside break below the 100-day SMA level of $25.16 needs to slip beneath the confluence of a downward sloping trend line from early August as well as an ascending support line from November 30, around $24.60.

It should, however, be noted that a daily closing below $24.60 will not refrain from challenging the November lows surrounding $21.90.

Silver daily chart

Trend: Bullish

Additional important levels

Overview
Today last price	26.25
Today Daily Change	0.03
Today Daily Change %	0.11%
Today daily open	26.22

Trends
Daily SMA20	24.21
Daily SMA50	24.27
Daily SMA100	25.16
Daily SMA200	21.12

Levels
Previous Daily High	27.41
Previous Daily Low	24.96
Previous Weekly High	26.13
Previous Weekly Low	23.67
Previous Monthly High	26.01
Previous Monthly Low	21.9
Daily Fibonacci 38.2%	26.47
Daily Fibonacci 61.8%	25.9
Daily Pivot Point S1	24.99
Daily Pivot Point S2	23.75
Daily Pivot Point S3	22.53
Daily Pivot Point R1	27.44
Daily Pivot Point R2	28.65
Daily Pivot Point R3	29.89

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.

AUD/USD gains traction near 0.7100 as the post-Fed USD rally pauses

AUD/USD finds fresh buyers and retakes 0.7100 in the Asian session on Thursday as the US Dollar pauses its hawkish Fed-inspired rally to its highest level since late July. However, RBA rate-hike bets and hopes for US-Iran diplomatic efforts lift risk sentiment and support the risk-sensitive Australian Dollar and the major.

USD/JPY reverses a dip below 156.00 as focus shifts to BoJ

USD/JPY is reversing a brief dip below 156.00 in the Asian session on Thursday, looking to snap a three-day winning streak to a nearly two-week top set the previous day. The US Dollar pauses following the post-Fed rally to seven-week highs, while a more hawkish repricing of the BoJ's policy normalization path supports the Japanese Yen. This keeps the pair's upside limited, with the focus now shifting to the BoJ policy decision due on Friday.

Gold extends fragile recovery from multi-week low as softer bond yields weigh on USD

Gold builds on its intraday ascent through the first half of the European session, and recovers further from a near six-week low, touched the previous day. A modest pullback in US Treasury bond yields prompts some US Dollar profit-taking, which is seen offering support to the commodity. However, the Federal Reserve's hawkish outlook, along with escalating Middle East tensions, should limit deeper losses for the safe-haven Greenback and cap the non-yielding bullion.

Ripple, Cardano, Dogecoin: Downside risk looms amid market uncertainties

Top altcoins, including Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE), face imminent downside risk as prevailing upside momentum recedes toward neutral.

The Fed hawkishly hiked rates

The Fed proceeded with its first rate hike since 2023, as was widely expected. It should be noted that the bank hiked rates against US President Trump’s wishes. It’s characteristic that Fed Chair Warsh stated that 'Inflation is too high and has been for too long’, signalling his hawkish intentions.

How Japan became the World's Banker and why that era may be ending

Japan's ultra-low interest rates helped finance trillions of dollars in global investments for more than a decade, making the Japanese Yen one of the world’s cheapest sources of funding. With the Bank of Japan expected to tighten policy again this week, that advantage may be entering a new phase. While most major economies raised interest rates, Japan remained the world's outlier.