The post XAG/USD consolidates above psychological support at $36.00 appeared on BitcoinEthereumNews.com.

Silver prices are stalling above the key psychological level of $36.00, now acting as near-term support following June’s breakout. Geopolitical tensions between Israel and Iran remain a key driver, with markets watching for signs of de-escalation that could influence Silver’s safe-haven demand. XAG/USD remains sensitive to movements in the US Dollar and Treasury yields, ahead of Wednesday’s FOMC decision and economic projections. Silver prices are stalling above $36.00 on Monday, with bullish momentum taking a breather after a sharp multi-week rally.  At the time of writing, XAG/USD remains up more than 10% for the month, although the metal now appears to be consolidating as it searches for a fresh directional catalyst. The US Dollar has lost ground despite the geopolitical backdrop, with its traditional safe-haven status coming under pressure amid political instability and uncertainty over trade policy.  A softer USD has helped keep Silver supported near $36.38, following a modest 0.2% gain from Friday.  The conflict between Israel and Iran, which is on its fourth day, has triggered waves of safe-haven demand. However, signs of a possible diplomatic opening have started to emerge. Reuters and The Wall Street Journal reported that Iran sent messages via Arab intermediaries indicating a willingness to resume nuclear talks with the United States.  This has introduced some hope for de-escalation, limiting further upside in precious metals. However, some Iranian officials have denied these reports. Additionally, growing speculation around a potential Federal Reserve (Fed) rate cut later this year, particularly ahead of Wednesday’s FOMC meeting, further enhanced Silver’s appeal as a non-yielding hedge asset, helping it hold elevated levels despite fluctuating risk sentiment tied to the Middle East conflict. Silver technical analysis: XAG/USD holds firm above $36.00 Silver (XAG/USD) is trading near $36.38 on Monday, holding firm after a strong rally through June.  Last week’s breakout…

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Filed under: News - @ June 16, 2025 7:23 pm