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
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders for June 23rd (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 147.48 level occurred when the MACD indicator was in the overbought zone, which prevented scenario #1

Jakub Novak 18:18 2025-06-23 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders for June 23rd (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The price test at 1.3420 in the first half of the day coincided with the MACD indicator just starting to move

Jakub Novak 18:14 2025-06-23 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders for June 23rd (U.S. Session)

Analysis of Trades and Trading Tips for the Euro The price test at 1.1499 coincided with the MACD indicator beginning to move downward from the zero mark, which allowed

Jakub Novak 18:10 2025-06-23 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 23. Analysis of Yesterday's Forex Trades

The test of the 145.67 mark occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's downside potential. For this reason, I chose

Jakub Novak 08:44 2025-06-23 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 23. Analysis of Yesterday's Forex Trades

The test of the 1.3483 mark coincided with the moment when the MACD indicator had just started moving downward from the zero line, confirming a valid entry point for selling

Jakub Novak 08:44 2025-06-23 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 23. Analysis of Yesterday's Forex Trades

The test of the 1.1510 price mark coincided with when the MACD indicator had just begun to move downward from the zero mark, confirming a valid entry point for selling

Jakub Novak 08:41 2025-06-23 UTC+2

Intraday Strategies for Beginner Traders on June 23

Demand for risk assets fell sharply, and the U.S. dollar strengthened after U.S. strikes on Iran's nuclear facilities. The initial decline of the euro and the pound against the dollar

Miroslaw Bawulski 08:34 2025-06-23 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen Due to low volatility, the levels I indicated were not tested in the first half of the day. Given the data

Jakub Novak 15:49 2025-06-20 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)

Trade Review and Tips for the British Pound The test of the 1.3477 price level in the first half of the day occurred when the MACD indicator had already moved

Jakub Novak 15:39 2025-06-20 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – June 20th(U.S. Session)

Trade Review and Tips for the Euro The first test of the 1.1514 price level in the first half of the day occurred when the MACD indicator had already dropped

Jakub Novak 15:36 2025-06-20 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.