Silver Price Forecast: XAG/USD Stalls Near $33.00 After 3-Day Slide

By Christian Borjon Valencia of FX Street

Editor • Mar 24, 2025 at 8:00 PM EDT

Silver's price was flatline on Monday, hovering around $33.00 an ounce, snapping three consecutive days of losses. As the Asian session begins, XAG/USD remains firm and virtually unchanged.

Silver, Bars, 5000 Grams, Real Value

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Silver steadies near $33.00 after bears lose momentum at $32.89 intraday low.
‘Quasi gravestone doji’ hints at potential shift as bulls defend narrow support range.
A break above $33.30 opens path to $33.94; downside risks if $32.90 support fails.

Silver's price was flatline on Monday, hovering around $33.00 an ounce, snapping three consecutive days of losses. As the Asian session begins, XAG/USD remains firm and virtually unchanged.

XAG/USD Price Forecast: Technical outlook

Silver price formed a ‘quasi gravestone doji’ that usually appears in an uptrend, signifying a pause or end of the trend. Nevertheless, as it is preceded by a downtrend, it might indicate that bears had lost steam while buyers stepped in near the lows of the day of $32.89, with prices finding acceptance within the $32.90 - $33.00 range.

For a bullish continuation, XAG/USD needs to clear the March 24 peak of $33.30. Once surpassed, the next stop is the March 21 daily high of $33.59, ahead of the March 20 peak of $33.94.

Conversely, if XAG/USD slips beneath $32.90, immediate support emerges at March 21 through at $32.66. Once hurdled, the next stop is the 50-day Simple Moving Average (SMA) at $32.04.

XAG/USD Price Chart – Daily

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