The post XAG/USD resumes its uptrend and tests $38.45 resistance appeared on BitcoinEthereumNews.com.

Silver advances further to test the resistance area at $38.45.. A softer US Dollar and the retreating US Treasury yields are supporting precious metals on Monday XAG/USD maintains its broader bullish trend intact with key support at $37.60 area. Silver (XAG/USD) is trading higher, following a slight decline on Friday. The precious metal is dragging support from a somewhat softer US Dollar and the retreating US Treasury yields to extend gains and test resistance at the $38.45 area at the time of writing. Investors’ sentiment has improved somewhat in a relatively calm start to the week on the European market. A moderate risk appetite is weighing on the US Dollar Index, and lifting precious metals, favoured by their inverse correlation with US Bond yields and the US Dollar. Technical Analysis: The longer-term bullish bias remains in play XAG/USD´s reversal from long-term highs above $39.00 found support above the top of a previous bullish channel at the $37.55-$37.65 area last week. It has been moving higher for three of the previous four trading days. The pair is now testing resistance at $38.45 (the July 15 and 18 highs), which closes the path to the July 14 top at $39.14. Above here, the 161.8% Fibonacci extension of last week’s pullback is at the $40.00 psychological area. A rejection from current levels might find support at the mentioned trendline, now at $37.90, ahead of the July 15, 16, and 17 lows, which meet the 39.8% retracement of the June 24-July 14 rally, at $37.60. 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…

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Filed under: News - @ July 21, 2025 11:29 am