Silver price registers gains of nearly 2% on Friday, but it is poised to finish the week with losses of 10.29%, with the white metal falling below the $60.00 threshold for the first time since the rally that began at the beginning of December 2025. The XAG/USD trades at $59.00 after hitting a low of $55.70.
XAG/USD Price Forecast: Technical outlook
The white metal has enjoyed quite a reversal and, so far, has fallen nearly 22% in June. After reaching a record high of $121.66 a troy ounce, Silver has lost its lustre due to several reasons.
The higher-for-longer scenario of interest rates, with major central banks set to hold or hike rates, exerts downward pressure on the Silver. Although it’s posting gains, XAG is tilted to the downside.
The Relative Strength Index (RSI) shows that sellers are in charge, even though the index has been back above 30 after being overbought for three days.
Given the backdrop, the path of least resistance is downwards. XAG/USD first support would be the June 24 swing low of $55.63. Once cleared, the next stop would be the November 13, 2025, cycle high-turned-support at $54.39, ahead of the $50.00 mark.
For a bullish resumption, buyers must clear the $60.00 mark, followed by the 200-day Simple Moving Average (SMA) at $69.56.
XAG/USD Price Chart – Daily
Comments
Log in or sign up to join the conversation.