The post XAG/USD approaches $54.00 amid US Dollar’s weakness appeared on BitcoinEthereumNews.com.

Silver (XAG/USD) trades higher for the fourth consecutive day on Thursday. The precious metal reaches levels a few pips below $54.00 on the early European session, favoured by a softer US Dollar as investors remain confident that the US Federal Reserve will cut rates in December. US macroeconomic data released on Wednesday beat expectations, with Durable Goods Orders increasing beyond forecasts and jobless claims dropping to a seven-month low. Futures markets, however, keep pricing an 85% chance of a quarter-point rate cut in December, and further easing next year, which keeps US Treasury yields and the US Dollar on the defensive. Technical Analysis: Bulls aim for the $54.40 level XAG/USD 4-Hour Chart The technical picture is strongly bullish, after a more than 7% appreciation this week. The Relative Strength Index  (RSI) in 4-hour charts has reached overbought levels, but the Moving Average Convergence Divergence (MACD) remains firm, printing green bars in the histogram, which highlights the bullish momentum. Bulls are focusing on the November 13 highs, at the $54.40 area, ahead of the long-term high, near $55.00, hit in mid-October. Further up, the 261% Fibonacci extension of the November 21-25 rally is at the $56.60 area. On the downside, Thursday’s high near 53.50 is likely to provide some support in case of a bearish reversal. Further down, the intraday low is at the $52.75 area, ahead of the November 25 low, near $50.65. 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…

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Filed under: News - @ November 27, 2025 10:26 am