Silver Price Forecast: XAG/USD Retreats From 4-Day Peak, Beneath $34

By Christian Borjon Valencia of FX Street

Editor • Mar 26, 2025 at 8:20 PM EDT

Silver price retreats by 0.32% after reaching a four-day high of $33.92. At the time of writing, XAG/USD trades at $33.60, undermined by the strength of the US Dollar, which has registered solid gains.

Silver, Bars, 5000 Grams, Real Value

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Silver retreats 0.32% after hitting $33.92, pressured by US Dollar rebound despite recent bullish momentum.
RSI suggests bulls may attempt another push above $34.00 toward key resistance at $34.86.
Breakdown below $33.00 exposes support at $32.66, followed by 50-day SMA near $32.04.

Silver price retreats by 0.32% after reaching a four-day high of $33.92. At the time of writing, XAG/USD trades at $33.60, undermined by the strength of the US Dollar, which has registered solid gains.

XAG/USD Price Forecast: Technical outlook

After registering a solid rally on Tuesday, Silver failed to break the $34.00 mark, which opened the door for sellers, capping the grey metal’s advance to challenging yearly peaks, near $34.23.

Momentum favors XAG/USD upside as depicted by the Relative Strength Index (RSI), which, is about to surpass the previous peak. Therefore, short-term further upside is seen.

XAG/USD first resistance would be the March 26 high at $33.92. Once cleared the next stop would be the $34.00 figure, followed by last October’s monthly peak at $34.86.

Conversely, if XAG/USD slips beneath $33.00, immediate support emerges at the March 21 low of $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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