Silver Price Forecast: Consolidates near $75.50, as bears eye 200-day SMA
Silver price retreats by 0.16% during the session, consolidating around the $75.00-$76.00 area, virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70.
  • Silver consolidates near 50-day SMA after reclaiming $75.00.
  • RSI flattens in bearish territory, suggesting sellers still hold momentum.
  • Break below $73.09 exposes $70.87 and 200-day SMA support.

Silver price retreats by 0.16% during the session, consolidating around the $75.00-$76.00 area, virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70.

XAG/USD Price Forecast: Technical outlook

Silver looks set to extend its consolidation after breaking below the ascending channel’s support trendline and the 50-day SMA, but the white metal has reclaimed the $75.00 mark.

The RSI turned bearish in mid-May and continued to point lower, suggesting sellers are building momentum, but the index turned flat ahead of the weekend.

Above, the first resistance for XAG/USD is the 20-day SMA at $77.92, followed by $78.00. A breach of the latter will expose the 100-day SMA at $81.15.

The break under the $75.00 psychological level further opened the door to additional downside.

If XAG/USD falls below the May 19 low of $73.09, the next support is the April 29 low at $70.87. A deeper decline would expose the 200-day SMA at $65.97, followed by the yearly low of $61.02.

XAG/USD Price Chart – Daily

Silver daily chart

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

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KUOTASI LANGSUNG

Nama / Simbol
Grafik
% Perubahan / Harga
XAUUSD
Perubahan 1 hari
+0%
0
XAGUSD
Perubahan 1 hari
+0%
0
XPTUSD
Perubahan 1 hari
+0%
0

SEMUA TENTANG GOLD

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