XAG/USD retreats after reaching fresh record highs near $109.50
The post XAG/USD retreats after reaching fresh record highs near $109.50 appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) extends its gains for the third successive session, trading around $108.80 per troy ounce during the Asian hours on Monday. The XAG/USD pair hit a fresh high of $109.46 amid persistent bullish bias, indicated by the technical analysis of the daily chart timeframe, as the price of the precious metal rises within the ascending channel pattern. Silver price remains firmly above the rising 50-day Exponential Moving Average (EMA), with price sustaining a clear premium over both. The short-term slope has steepened, underscoring trend acceleration. Trend structure stays intact as the spread between the nine- and 50-day EMAs widens, though a flattening of the former would flag fading impetus. The 14-day Relative Strength Index (RSI) at 80.24 (overbought) reflects stretched momentum. RSI remains above 70, keeping upside momentum dominant but raising risk of a volatility pause to relieve extremes. While momentum is extended, the bullish bias would persist while holding above the near-term average and near the upper ascending channel boundary around $110.00. Initial support aligns with the nine-day EMA at $96.32, followed by the lower boundary of the ascending channel around the psychological level of $96.00. Pullbacks within this context would be treated as corrective as long as the longer average continues to rise, while the 50-day EMA at $74.67 offers a deeper cushion. XAG/USD: Daily Chart (The technical analysis of this story was written with the help of an AI tool.) 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…
Filed under: News - @ January 26, 2026 4:04 am