Silver Price Forecast: XAG/USD Steady Above $32 As Risk Sentiment Improves On U.S.-China Talks

By Christian Borjon Valencia of FX Street

Editor • May 8, 2025 at 7:10 PM EDT

Silver capped by 50-day SMA at $32.68 despite intraday high of $32.93; RSI turns flat near neutral.

Silver, Bars, 5000 Grams, Real Value

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Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%.

XAG/USD Price Forecast: Technical outlook

Silver price is trading below the 50-day Simple Moving Average (SMA) at $32.68, a key technical resistance level that capped the metal’s advance despite hitting a daily high of $32.93. Momentum shows the lack of commitments of buyers and sellers as portrayed by the Relative Strength Index (RSI), which hovers near its 50 neutral line, turning flat. That said, XAG/USD would likely remain sideways in the short term.

For a bullish continuation, XAG/USD must clear the 50-day SMA and the $33.00 figure. Once achieved, the next ceiling level will be an April 25 daily high at $33.68, followed by $34.00. Conversely, if Silver slides beneath $32.22, look for a test of the 100-day SMA at $31.80, ahead of the 200-day SMA at $31.19.

XAG/USD Price Chart – Daily

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