$XAG Silver 📈 Current Market Structure
Silver recently hit record highs around ~$95/oz amid strong safe-haven demand and macro support. �
Reuters
The daily price action is still inside a rising uptrend channel, meaning bulls are technically in control as long as key trend support holds. �
FXStreet
🔍 Short-Term Technical Signals
Bullish Signs
Price above key short-term moving averages implies ongoing upward bias. �
FXStreet
As long as short-term support near the lower ascending channel remains intact, buyers can aim for new highs. �
FXStreet
Bearish / Caution Signals
Momentum indicators (like RSI) are overbought, hinting at possible near-term consolidation or pullback before the uptrend resumes. �
FXStreet
A break below the lower trend boundary would risk deeper correction toward mid-term support zones. �
FXStreet
📊 Key Levels to Watch (Today)
Upside
Immediate resistance: recent peaks near $95–$97/oz. �
FXStreet
If these break, next psychological zone is $100.
Support
Minor pullbacks may find support around $88–$90 (short EMA area). �
FXStreet
Stronger trend support lies closer to $80–$82 if selling intensifies. �
FXStreet
🧠 Market Context (Fundamentals)
Safe-haven demand is strong due to macro risk and a weaker USD — this boosts silver alongside gold. �
Reuters
Global industrial demand — especially in solar & EVs — also underpins long-term bullish interest. �
MarketPulse
📌 Quick Summary
✅ Bullish uptrend intact
⚠️ Overbought near-term signals — possible pause or pullback
🔍 Watch: support at ~$88–80 / resistance at ~$95–100
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