XAG/USD rebounds but bearish risks persist
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Silver (XAG/USD) stages a modest recovery from a nearly two-week low, around the $78.35 region touched during the Asian session on Monday, and climbs back above the $81.00 mark in the last hour. The white metal, for now, seems to have snapped a three-day losing streak, though it lacks bullish conviction. From a technical perspective, an intraday breakdown below a short-term ascending trend-line support extending from the February swing low could be seen as a fresh trigger for the XAG/USD bears. The Moving Average Convergence Divergence (MACD) line stays below the signal line in negative territory and the histogram contracts, reflecting persistent but moderating downside momentum. The Relative Strength Index (RSI) near 40 remains below the neutral 50 mark, confirming seller control while avoiding oversold conditions and leaving room for further weakness if pressure resumes. Weakness back below the $80.00 psychological mark will reaffirm the negative bias and open the way for deeper losses towards the next relevant bearish targets around the $78.00 mark and the $76.50 zone. On the upside, initial resistance aligns with the former trend-line support around $82.30, followed by the recent consolidation area near $84.00 and then $86.00 on stronger recoveries. A sustained recovery above $82.30 would ease immediate downside risk, while a move through $84.00 would be needed to challenge the current bearish skew. Nevertheless, the near-term bias is cautiously bearish after the XAG/USD broke below the rising support trend line. (The technical analysis of this story was written with the help of an AI tool.) XAG/USD 4-hour chart 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…
Filed under: News - @ March 16, 2026 1:24 am