$65.13 resistance keeps Silver steady near recent highs

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Silver rises 0.76% to $64.95 today

Highlights

Silver experienced fresh selling as traders took profits due to uncertainty in Federal Reserve policy and Middle East geopolitical risks.
US Treasury Secretary Scott Bessent warned of unprecedented economic actions against Iran, driving defensive moves in precious metals markets.
Despite short-term volatility, technical signals remain bullish with price consolidation likely between $63.26 to $66.64 and a high probability of an upward breakout.

Defensive positioning rises as profit-taking intensifies on Fed uncertainty

Silver faced additional selling pressure as investors opted to take profits, reflecting cautious sentiment around the Federal Reserve’s monetary policy outlook and persistent geopolitical tensions in the Middle East, according to Fxstreet. These conditions have contributed to lower speculative activity and increased short-term volatility, with traders responding to both macro uncertainty and event-driven risk. Geopolitical risks intensified after US Treasury Secretary Scott Bessent warned of possible unprecedented economic measures against Iran, further influencing defensive positioning in precious metals markets, Prokerala reported.

Momentum signals favor buyers as price navigates key moving averages

On the H4 chart, XAG sits below the MA-20 at $65.03 and above the MA-50 at $63.47, while remaining firmly under the long-term MA-200 at $75.07 on the daily timeframe. Immediate resistance is identified at the Ichimoku Kijun level of $65.13. Momentum indicators reflect a supportive environment: MACD issues a strong buy signal and ADX suggests significant buyer strength, with RSI at 53.56 in buy territory. Stoch RSI and CCI are both neutral, indicating no clear overbought or oversold signals. Bull/Bear Power points to pronounced buyer influence on an intraday basis.

Range consolidation likely as current momentum tempers downside risks

Over the next 2 to 3 trading days, price is expected to consolidate within the volatility band between $63.26 and $66.64. The base case scenario sees a continuation of current levels amid mixed trend cues, while a decisive move above $65.13 could open the path toward the upper end of the range. If short-term support at $63.26 is breached, further downside is possible, but the probability of that scenario remains low considering the current momentum backdrop.

Viktoras Karapetjanc, Traders Union expert, sees silver trading in a consolidation phase as global macro risks and event-driven sentiment keep traders cautious. He believes the current momentum backdrop remains supportive, with profit-taking and defensive positioning reflecting a healthy reset. The price is likely to hold its range while markets gauge both Fed policy and geopolitical headlines. "With momentum signals pointing upward and only moderate downside risk, I expect silver to remain resilient above $63.26 in the near term," says Karapetjanc.

Earlier, analysts noted that silver was supported by safe-haven demand amid macroeconomic uncertainty, with technical signals indicating sustained bullish momentum. The current analysis adds a layer of caution as mixed short-term trends and heightened geopolitical risks suggest traders should closely monitor the $65.13 resistance level for signs of renewed upside or further consolidation.

Source of Data: XAG Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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