empty
17.01.2025 12:38 PM
XAG/USD: Analysis and Forecast

This image is no longer relevant

Silver attracts sellers today, breaking a three-day winning streak and remaining subdued during the first half of the European session.

The recent upward movement observed since the start of the current month halts at the resistance of the 100-day Simple Moving Average (SMA), testing the $31.00 level. A sustained breakout above this barrier would pave the way for further short-term upside.

Given that daily chart oscillators comfortably hold in positive territory and are far from overbought zones, silver could accelerate its rise toward the next resistance at $31.70. A further move upward would allow the XAG/USD pair to reclaim the psychological $32.00 level and potentially rise to test the two-month high around the $32.30 level.

On the other hand, further declines may be viewed as buying opportunities near the $30.40 level, aligned with the 50-day SMA, which could help limit losses near the psychological $30.00 level. A decisive break below this level would trigger technical selling, dragging the XAG/USD pair toward the $29.55 support level, followed by the next round number at $29.00 and the multi-month low reached in December.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USDJPY: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 150.75 level occurred when the MACD indicator had already moved significantly below the zero line, which limited

Jakub Novak 19:04 2025-03-28 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for the British Pound The test of the 1.2950 level occurred just as the MACD indicator began to rise from the zero line, confirming a valid

Jakub Novak 19:00 2025-03-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)

Trade Analysis and Tips for the Euro The price test at 1.0785 occurred when the MACD indicator had already moved significantly below the zero line, which limited the pair's downward

Jakub Novak 18:57 2025-03-28 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 150.91 occurred when the MACD indicator had just begun moving upward from the zero mark, confirming a valid entry point for buying the dollar

Jakub Novak 08:01 2025-03-28 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.2927 occurred when the MACD indicator started moving down from the zero mark, confirming a valid entry point for selling the pound. However

Jakub Novak 08:00 2025-03-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.0806 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. For that reason, I didn't

Jakub Novak 08:00 2025-03-28 UTC+2

Intraday Strategies for Beginner Traders on March 28

The euro and the pound have shown that no one is ready for a major sell-off. However, there was no active support from big market participants positioned for long positions

Miroslaw Bawulski 07:15 2025-03-28 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the Japanese yen The test of the 150.27 level occurred when the MACD indicator had just begun to rise from the zero mark, confirming

Jakub Novak 18:04 2025-03-27 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the British pound The test of the 1.2905 level occurred when the MACD had already moved significantly below the zero line, which limited

Jakub Novak 18:02 2025-03-27 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the euro The test of the 1.0772 level occurred when the MACD indicator had just begun to move downward from the zero mark, confirming

Jakub Novak 17:59 2025-03-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.