Silver (XAG/USD) price consolidates near $52.00, up a minimal 0.19% on Friday as the Greenback rallies sharply, posting strong US data. Back-to-back ‘doji’ candles indicate that neither buyers nor sellers are in control.
XAG/USD Price Forecast: Technical outlook
Silver’s technical view remains downward-biased, with bulls finding key resistance at the $55.00 figure. Momentum remains bearish, as indicated by the Relative Strength Index (RSI), which has turned flat, hinting at further sideways trading.
If XAG/USD drops below Wednesday’s low of $48.96, it could open the door to a drop toward Thursday's low of $48.62. A breach of the latter will expose the October 28, 2025, swing low of $45.56, before testing the psychological $45.00 figure.
On the other hand, if Silver is headed for a bullish reversal, investors must clear the $55.00 figure. The next area of interest is $60.00, where the 50-day Simple Moving Average (SMA) lies. Once that key resistance area is surpassed, up next is the 100-day SMA at $60.73, followed by the $65.00 milestone.
XAG/USD Price Chart – Daily
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