Silver Price Forecast: XAG/USD Slips But Clings Above $33.00

By Christian Borjon Valencia of FX Street

Editor • May 27, 2025 at 4:51 PM EDT

XAG/USD is down 0.70% after hitting a two-day low; bullish momentum remains intact above the 50-day SMA.

Silver, Bars, 5000 Grams, Real Value

Image Source: Pixabay

Silver price falls by 0.70% on Tuesday, yet it has trimmed some of its earlier losses that pushed the grey metal below $33.00, hitting a two-day low of $32.77. At the time of writing, XAG/USD trades at $33.29.

XAG/USD Price Forecast: Technical outlook

Silver price is consolidating within a range for the third consecutive day, capped on the upside by resistance at $33.69, the May 22 peak, and on the downside by the 50-day Simple Moving Average (SMA) at $32.73.

Momentum indicates that buyers are in charge, as depicted by the Relative Strength Index (RSI). However, they must clear $33.69, which could pave the way for a challenge of $34. On further strength, XAG/USD next resistance level would be the March 26 high at $34.58, followed by $35.00.

In the bearish scenario, XAG/USD needs to achieve a daily close below the May 23 swing low of $32.90. In that outcome, the next test would be the 50-day Simple Moving Average (SMA) at $32.73. A decisive break will expose the 100-day SMA at $32.11, followed by the 200-day SMA at $31.40.

XAG/USD Price Chart – Daily

(Click on image to enlarge)

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