-0.52% for Silver — Volatile session with buyers losing control below key averages

Traders Union
All News
Financial News
Silver declines 0.52% to $84.00 today

Highlights

Rising crude prices and reduced US rate-cut expectations dampened silver futures demand on India's MCX, driving broader selling momentum.
Silver ETF holdings declined by up to 3% amid heightened geopolitical risks and persistent currency volatility, despite softer Treasury yields.
Technicals indicate short-term bearish momentum and intraday volatility, with XAG expected to trade between $82.00 and $88.00 and immediate breakout resistance at $84.90.

Reduced rate cut bets and ETF outflows drive persistent selling pressure

Rising crude oil prices reduced expectations for near-term US interest rate cuts, which contributed to lower demand for silver futures on the Multi Commodity Exchange of India. U.S. 10-year Treasury yields eased, increasing the appeal of non-yielding assets such as silver. Silver ETFs reported declines of up to 3% amid these market conditions and ongoing geopolitical tensions and currency fluctuations, though price action has remained under broader selling pressure.

Bearish momentum increases as mixed indicators produce volatility divergence

Intraday momentum for XAG remains mixed, with D1 ADX, MACD, and RSI confirming short-term bearishness as buyers lose strength; MACD still points to a strong buy, but both ADX and RSI are turning lower following today's $0.44 (0.52%) slide. Price action displayed a moderate gap up at the open ($87.36 vs prior close $84.44), followed by a sharp drop within a volatile session ranging from $81.74 to $87.40. BBP remains overbought but lacks sustained buyer control, while CCI and Stoch RSI indicate neutral or only mildly oversold positioning. Overall, intraday momentum leans bearish, with a notable divergence between bullish MACD signals and weakening momentum or volume.

Bullish signals persist as sideways trade and volatility shape outlook

For the next five trading days, XAG is expected to move within the $82.00 – $88.00 volatility band relative to current levels. Weekly RSI, ADX, MACD, and SMA-50 all show strong bullish indications, which gives more than an 80% probability of an upward move, although a pullback scenario is possible. The baseline view anticipates sideways price action within this established corridor. A break above immediate resistance at $84.90 could test $88.00, while losing $82.00 may trigger additional bearish momentum.

Anton Kharitonov, analyst at Traders Union, notes that technical momentum for silver remains weak in the short term despite some long-term support holding above the SMA-200. He sees that bearish indicators outweigh the bullish signals, especially as sentiment is dampened by reduced ETF inflows and macro headwinds. Sideways action is likely until resistance at $84.90 is reclaimed. "Base case is consolidation between $82.00 and $88.00, but downside risk dominates unless buyers regain control above resistance."

Previously it was reported that silver remains under short- and medium-term pressure, trading below its key moving averages, while the longer-term trend remains intact above the 200-day average amid heightened volatility and macroeconomic uncertainty. Technical signals are mixed; momentum indicators reflect a lack of clear direction, but underlying weekly bullish factors suggest limited downside risk, with the metal likely to consolidate above recent support unless major levels are breached.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.