See also
21.05.2025 06:43 PM
Silver is rising toward the $33.25 level, consolidating near the upper boundary of its familiar range. The emergence of buying on pullbacks, a recent rebound from the 100-day Simple Moving Average (SMA) and 100-day Exponential Moving Average (EMA), as well as the fact that oscillators on the daily chart are beginning to turn positive, all support a short-term bullish outlook for the XAG/USD pair.
A sustained move above the $33.25 level could lead to a test of the resistance zone around $33.70. If this resistance is broken, prices would confirm a constructive bullish setup, allowing XAG/USD to target the psychological level of $34.00. Further upward movement could potentially lift the white metal toward the yearly high reached in March.
On the other hand, the $33.00 round level now acts as immediate support. Any additional corrective pullback may be seen as a buying opportunity, likely to remain limited near the $32.65 level. However, a drop below this area would expose the 100-day SMA, currently located just above the $32.00 level. A break below that level would pave the way for further losses.
If the price falls below the 200-day SMA, which is situated near the $31.40 level—considered key support—it would invalidate the bullish forecast and shift the short-term bias in favor of the bears.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
