Silver Price Forecast: Doji stalemate leaves $49.00 support vulnerable

• Successive doji candles in XAG/USD point to indecision near $50.00.
• A levelling-off in the bearish RSI points to consolidation, though downside risks persist.
• Below $48.96, the next downside levels are $48.62, then $45.56 and $45.00.

Strong US data have prompted a sharp rally in the Greenback, while Silver is consolidating around $50.00 with a modest gain of 0.19%. Two successive ‘dojis’ suggest that neither buyers nor sellers have gained control.

XAG/USD Price Forecast: Technical bias remains bearish

Key resistance for Silver bulls stands at $55.00, with the technical outlook still tilted to the downside. The Relative Strength Index (RSI) continues to signal bearish momentum, although its flattening profile suggests more sideways trading ahead.

A fall in XAG/USD below Thursday’s low of $48.96 could pave the way for a move towards the 3 November low of $48.62. Should that level give way, the 28 October 2025 swing low of $45.56 would come into view, ahead of a test of the psychological $45.00 mark.

For a bullish reversal in Silver, however, buyers would first need to overcome $55.00. The next area to challenge would be $60.00, where the 50-day Simple Moving Average (SMA) sits. Beyond this key resistance zone, attention would turn to the 100-day SMA at $60.73 and then the $65.00 milestone.

XAG/USD Daily Price Chart