Silver Price Forecast: XAG Stays Below $60 As Death Cross Threat Looms

Silver (XAG/USD) price treads water, losing over 1.50% on Monday as the white metal is poised to end June down over 22.50% after tumbling below $60.00 per troy ounce. The rise in US Treasury yields, the strength of the US Dollar, and the lack of a geopolitical risk premium keep the non-yielding metal under pressure.

XAG/USD Price Forecast: Technical Outlook

Silver is consolidating in the $55.70-$59.57 range, with buyers unable to reclaim the $60.00 level. Worth noting that the 50-day Simple Moving Average (SMA) at $72.61 approaches the 200-day SMA at $69.64, about to form a ‘death-cross.’ This would cement the case that sellers are in charge and that further losses lie ahead.

From a momentum standpoint, the Relative Strength Index (RSI) aims lower, closing in on oversold territory. Hence, the path of least resistance is downwards.

If XAG/USD dives below $57.00, it clears the path to challenge the December 9, 2025, low of $56.49, followed by the October 17, 2025, high of $54.46. Once cleared, the next support is the November 21, 2025, daily low of $48.63.

For a bullish reversal, buyers must clear the $60.00 mark, ahead of testing the 200-day SMA at $69.64.