Silver Price Forecast: XAG/USD Slips Below $34.00 As Fed Acknowledges Uncertainty

By Christian Borjon Valencia of FX Street

Wednesday, March 19, 2025 7:40 PM EDT

Silver, Bars, 5000 Grams, Real Value

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Silver retreats to $33.78 from $34.09 high after Fed holds rates, citing economic uncertainty.
Bearish patterns, including 'quasi-shooting star' and 'hanging man,' suggest potential further declines.
Key support at $33.39; a break below could expose $33.00. Resistance at $34.51 and $35.00 if bulls rally.

Silver price finished the day with a loss of over 0.55% on Wednesday after the Federal Reserve (Fed) held rates unchanged while acknowledging that the economic outlook is uncertain due to United States (US) trade policies implemented by President Donald Trump. At the time of writing, XAG/USD trades at $33.78 after hitting a daily high of $34.09.

XAG/USD Price Forecast: Technical outlook

Price action during the last couple of days opened the door for further downside on Silver prices. A ‘quasi-shooting star’ followed by a ‘hanging man’ indicates that sellers are driving XAG/USD beneath the $34.00 figure. This could sponsor a retracement if the grey metal drops below the February 14 daily peak of $33.39. A breach of the latter will expose the $33.00 figure.

If XAG/USD rises past $34.00, the following key resistance would be October 30, 2024, peaking at $34.51, followed by the $35.00 mark.

XAG/USD Price Chart – Daily

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