The post XAG/USD holds above $33.00 in thin holiday trading appeared on BitcoinEthereumNews.com.

XAG/USD climbs to $33.47, eyes key resistance at $33.68 and $34.00 amid sustained bullish bias. Price action leans bullish; a break above $33.68 may trigger a test of $34.58. Support is seen at $32.90, with the 50-day SMA at $32.74 as the next downside target. Silver price finished Monday’s session with minimal gains as the US Dollar’s (USD) sell-off extended for the beginning of the week, even though financial markets in the United States (US) and the United Kingdom (UK) remained closed for holidays. At the time of writing, XAG/USD trades at $33.47. XAG/USD Price Forecast: Technical outlook The grey metal remains consolidating, though slightly tilted to the upside. Stir resistance is seen at $33.68, the April 25 high, but a decisive breach of that level paves the way for testing at $34.00. Once these two levels are cleared, look for a challenge of the March 26 peak of $34.58. For a bearish scenario, XAG/USD needs to slide below the May 23 swing low of $32.90. This opens the path to challenge the 50-day Simple Moving Average (SMA) at $32.74. A decisive break will expose the 100-day SMA at $32.11, followed by the 200-day SMA at $31.40. Despite being bullish, the Relative Strength Index (RSI) is flat, indicating sideways price action. However, price action and RSI suggest that further upside is likely. XAG/USD Price Chart – Daily   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…

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Filed under: News - @ May 27, 2025 12:23 am