empty
12.02.2025 03:08 PM
XAG/USD: Analysis and Forecast

This image is no longer relevant

Silver remains directionless, fluctuating within a narrow range just below the key $32.00 level. The market is showing little movement as traders await the release of U.S. consumer inflation data before committing to directional positions.

From a technical perspective, the recent breakout above the 100-day Simple Moving Average (SMA) and positive oscillators on the daily chart suggest that the path of least resistance for XAG/USD could be to the upside. However, repeated failures to break above the $32.30 resistance level call for caution among bulls. A sustained move beyond this level would confirm a bullish outlook and pave the way for further short-term gains.

If silver prices manage to surpass the monthly high near $32.65, the metal could reclaim the psychological $33.00 level. Continued bullish momentum may push prices towards the next key resistance at $33.50, and if breached, silver could extend gains toward $34.00 and the $34.45 level, aligning with the multi-year high reached in October.

On the other hand, yesterday's swing low near $31.23, along with the 100-day SMA, is expected to act as strong support for XAG/USD. A break below the psychological $31.00 level could shift the short-term bias in favor of bears, exposing silver to deeper losses. In this scenario, the metal could decline toward the critical $30.00 mark, with minor support levels along the way.

This image is no longer relevant

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders – April 4th (U.S. Session)

The price test of 146.16 occurred at a moment when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential within a bearish

Jakub Novak 20:08 2025-04-04 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – April 4th (U.S. Session)

The price test of 1.3077 occurred at a time when the MACD indicator had already moved significantly below the zero line, which limited the pair's further downward potential. Following recent

Jakub Novak 20:03 2025-04-04 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – April 4th (U.S. Session)

The price test of 1.1050 occurred at a time when the MACD indicator had already moved significantly below the zero line, limiting the pair's downward potential. For this reason

Jakub Novak 20:00 2025-04-04 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 4. Review of Yesterday's Forex Trades

The price test at 145.95 occurred when the MACD indicator moved significantly below the zero line, limiting the pair's downside potential. The second test of 145.95 coincided with the MACD

Jakub Novak 09:04 2025-04-04 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 4. Review of Yesterday's Forex Trades

The price test at 1.3135 occurred when the MACD indicator moved significantly below the zero line, limiting the pair's downside potential. For this reason, I did not sell the pound—especially

Jakub Novak 09:03 2025-04-04 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 4. Review of Yesterday's Forex Trades

The price test at 1.1116 occurred when the MACD indicator moved significantly above the zero line, limiting the pair's upside potential. For this reason, I did not buy the euro

Jakub Novak 09:03 2025-04-04 UTC+2

Intraday Strategies for Beginner Traders on April 4

The euro and the pound are once again in demand, while the U.S. dollar is under heavy pressure. I believe the reason behind this is apparent, although few likely expected

Miroslaw Bawulski 08:00 2025-04-04 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – April 3rd (U.S. Session)

Trade Breakdown and Trading Tips for the Japanese Yen The test of the 147.16 level coincided with the MACD just beginning to move downward from the zero line, which

Jakub Novak 18:43 2025-04-03 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – April 3rd (U.S. Session)

Trade Breakdown and Trading Tips for the British Pound The test of the 1.3077 level coincided with the MACD indicator just beginning to rise from the zero line, confirming

Jakub Novak 18:36 2025-04-03 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – April 3rd (U.S. Session)

Trade Breakdown and Euro Trading Advice The test of the 1.0928 price level occurred just as the MACD indicator began moving up from the zero line, confirming the correct entry

Jakub Novak 18:34 2025-04-03 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

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?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.