Silver Price Analysis: XAG/USD, clouded by investors’ indecision, fluctuates around $24.90s


  • Silver prices show hesitation near YTD highs amidst market uncertainty.
  • Oscillators flashed mixed signals, keeping XAG/USD traders at bay.
  • XAG/USD Price Analysis: Upside risks at around $25.12; otherwise, it could fall towards $24.00.

Silver price registers back-to-back doji’s at around the YTD highs hit at 25.13 but stays shy of the $25.00 a troy ounce figure. At the time of writing, the XAG/USD is trading at 24.95 after hitting a daily high of $25.00.

XAG/USD Price Action

Buyers and sellers of the white metal, also known as Silver, are undecided according to the XAG/USD’s price action during the last couple of days. The Relative Strength Index (RSI) shifted overbought since the beginning of the week, flashing that buying pressure would fade soon. The Rate of Change (RoC) signals buyers remain in charge, but they must reclaim the YTD high at $25.13 before posing a threat to test the last year’s high at $26.95.

For a bullish resumption, XAG/USD needs a daily close above $25.00. That would open the door to testing the YTD high at $25.12, followed by $25.87, April’s 14 high. The following resistance would be $26.00, followed by the April 18 cycle high of $26.21.

If XAG/USD prints a daily close below $25.00, it could exacerbate a test of February’s 25 cycle high at $24.62. Once cleared, the white metal could drop to test a previous resistance trendline turned support at around $24.25-40 before diving towards $24.00.

XAG/USD Daily Chart

XAG/USD Daily Chart

XAG/USD Technical Levels

 

Overview
Today last price 24.92
Today Daily Change -0.02
Today Daily Change % -0.08
Today daily open 24.94
 
Trends
Daily SMA20 22.81
Daily SMA50 22.27
Daily SMA100 22.68
Daily SMA200 21.09
 
Levels
Previous Daily High 25.14
Previous Daily Low 24.64
Previous Weekly High 24.16
Previous Weekly Low 22.83
Previous Monthly High 24.16
Previous Monthly Low 19.9
Daily Fibonacci 38.2% 24.83
Daily Fibonacci 61.8% 24.95
Daily Pivot Point S1 24.67
Daily Pivot Point S2 24.41
Daily Pivot Point S3 24.18
Daily Pivot Point R1 25.17
Daily Pivot Point R2 25.4
Daily Pivot Point R3 25.66

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD struggles to hold above 1.0400 as mood sours

EUR/USD struggles to hold above 1.0400 as mood sours

EUR/USD stays on the back foot and trades near 1.0400 following the earlier recovery attempt. The holiday mood kicked in, keeping action limited across the FX board, while a cautious risk mood helped the US Dollar hold its ground and forced the pair to stretch lower. 

EUR/USD News
GBP/USD approaches 1.2500 on renewed USD strength

GBP/USD approaches 1.2500 on renewed USD strength

GBP/USD loses its traction and trades near 1.2500 in the second half of the day on Monday. The US Dollar (USD) benefits from safe-haven flows and weighs on the pair as trading conditions remain thin heading into the Christmas holiday.

GBP/USD News
Gold drops to $2,620 area as US bond yields edge higher

Gold drops to $2,620 area as US bond yields edge higher

Gold struggles to build on Friday's gains and trades modestly lower on the day near $2,620. The benchmark 10-year US Treasury bond yield edges slightly higher above 4.5%, making it difficult for XAU/USD to gather bullish momentum.

Gold News
Bitcoin fails to recover as Metaplanet buys the dip

Bitcoin fails to recover as Metaplanet buys the dip

Bitcoin hovers around $95,000 on Monday after losing the progress made during Friday’s relief rally. The largest cryptocurrency hit a new all-time high at $108,353 on Tuesday but this was followed by a steep correction after the US Fed signaled fewer interest-rate cuts than previously anticipated for 2025. 

Read more
Bank of England stays on hold, but a dovish front is building

Bank of England stays on hold, but a dovish front is building

Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures