Silver Price Analysis: XAG/USD recovers some ground as doji emerges and is subject to remaining subdued


  • Silver (XAG/USD) stages a modest recovery after July’s US jobs data missed estimates, trading at $23.57, bouncing off the 200-day EMA at $23.18.
  • Technical outlook shifts to neutral-upward bias, as the metal remains above the 200-day EMA and July 6 low of $22.53.
  • Key resistance lies at the 100-day EMA at $23.67, followed by the 50 and 20-day EMAs at $23.90 and $24.07 respectively. Support is found at the 200-day EMA and $23.00 mark.

Silver price is staging a slight recovery on Friday after US jobs data for July missed estimates, spurring XAG/USD’s bounce at around the 200-day Exponential Moving Average (EMA) at $23.18 a troy ounce as US Treasury bond yields tank. The XAG/USD is exchanging hands at $23.57 after hitting a daily low of $23.23.

XAG/USD Price Analysis: Technical outlook

From a technical perspective, XAG/USD bias shifted to neutral biased as long as buyers keep prices from diving below the 200-day EMA and above the July 6 low of $22.53. Even though XAG/USD is trimming some losses, It remains subject to further selling pressure, with the 100-day EMA at $23.67 capping any Silver’s rallies and the Relative Strength Index (RSI) indicating that sellers remain in charge.

If XAG/USD reclaims the 100-day EMA, that will put into play two more daily EMAs acting as resistance, the 50 and the 20-day EMAs, each at $23.90 and $24.07, respectively. Conversely, buyers’ failure at $23.67 could send the white metal slumping toward the 200-day EMA, ahead of challenging the $23.00 figure.

XAG/USD Price Action – Daily chart

XAG/USD Daily chart

XAG/USD

Overview
Today last price 23.58
Today Daily Change 0.01
Today Daily Change % 0.04
Today daily open 23.57
 
Trends
Daily SMA20 24.32
Daily SMA50 23.72
Daily SMA100 24.03
Daily SMA200 23.15
 
Levels
Previous Daily High 23.84
Previous Daily Low 23.41
Previous Weekly High 25.15
Previous Weekly Low 24.04
Previous Monthly High 25.27
Previous Monthly Low 22.52
Daily Fibonacci 38.2% 23.57
Daily Fibonacci 61.8% 23.68
Daily Pivot Point S1 23.37
Daily Pivot Point S2 23.17
Daily Pivot Point S3 22.94
Daily Pivot Point R1 23.81
Daily Pivot Point R2 24.04
Daily Pivot Point R3 24.24

 

 

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

AUD/USD eases from multi-week top; bulls retain control ahead of Fed

AUD/USD eases from multi-week top; bulls retain control ahead of Fed

AUD/USD trades with a mild negative bias below a three-week high, around the 0.6400 neighborhood touched on Monday, as traders turn cautious ahead of the FOMC meeting. However, the optimism over China's stimulus measures, the risk-on mood, and the overnight breakout through the key 100-day barrier favor the Aussie bulls amid the recent USD slump.

AUD/USD News
USD/JPY climbs to two-week high ahead of BoJ-Fed rate decisions

USD/JPY climbs to two-week high ahead of BoJ-Fed rate decisions

USD/JPY touched a nearly two-week high during the Asian session on Tuesday as the risk-on mood undermined the safe-haven JPY ahead of this week's key central bank event risks. However, divergent BoJ-Fed expectations and rising trade tensions should limit deeper JPY losses.

USD/JPY News
Gold price sits near all-time peak, just above the $3,000 mark

Gold price sits near all-time peak, just above the $3,000 mark

Gold price trades above the $3,000 mark, near the record high touched last Friday, as the economic uncertainty sparked by Trump's tariff war continues to underpin safe-haven assets. Moreover, the recent USD slump to a five-month low, triggered by rising Fed rate cut bets, lends support to the XAU/USD.

Gold News
Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation

Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation

Crypto exchange-traded funds extended their outflow streak last week, totaling $1.7 billion, bringing the total outflows in the past 5 weeks to $6.4 billion, per CoinShares weekly report on Monday. 

Read more
Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme

Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme Premium

Central bank bonanza – perhaps its is not as exciting as comments from the White House, but central banks still have sway. They have a chance to share insights about the impact of tariffs, especially when they come from the world's most powerful central bank, the Fed.  

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025