Silver price (XAG/USD) remains on the back foot at the weekly low near $21.30 during early Friday in Asia. In doing so, the bright metal drops for the third consecutive day while extending the early-week pullback from the 100-DMA and a 3.5-month-old horizontal resistance area.
It’s worth noting that the bearish MACD signals keep the XAG/USD sellers hopeful. However, the RSI (14) appears oversold and suggests a pause in the metal’s south run.
As a result, an upward-sloping support line from late November, close to $21.20 by the press time, as well as the 200-DMA level of around $21.00, gain major attention.
Following that, the late November swing low of around $20.60-55 could act as the last defense of the Silver buyers before directing the commodity price towards November 2022 bottom near $18.80.
Meanwhile, recovery moves may initially aim for the $21.50 before jostling with the aforementioned horizontal resistance area and the 100-DMA surrounding $22.00-05.
In a case where the Silver price offers a daily closing beyond $22.05, February 09 high near $22.60 and the previous monthly low near $22.80 will be crucial to watch for the XAG/USD bulls.

Trend: Limited downside expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.