The post XAG/USD struggles to regain the $75.00 area appeared on BitcoinEthereumNews.com.

Silver (XAG/USD) is trimming some losses during Friday’s early European session, trading right above $74.00 at the time of writing, after hitting fresh seven-month lows near $64.00 earlier on the day. The pair, however, remains capped below a previous support area, in the vicinity of $75.00. The white metal has dropped nearly 30% over the last two weeks, weighed down by investors’ relief after US President Trump appointed Kevin Warsh as the replacement for Jerome Powell as the central bank’s chairman, and by easing geopolitical tensions, as the US and Iran opened negotiations to avoid a conflict. Technical Analysis: XAG/USD remains bearish while below $92.00Chart Analysis XAG/USD XAG/USD is picking up from lows, with the technical picture showing a bearish scenario. The 50-period Simple Moving Average (SMA), which acted as a dynamic support during the bullish cycle, extends its decline, with the pair holding beneath it. The Moving Average Convergence Divergence (MACD) line has slipped back below the zero line, and the Relative Strength Index (RSI) remains below 50, indicating weak traction. Silver’s recovery found resistance at the $75.00 area, which is holding bulls for now. Further up, the pair might find resistance at an intraday level around $81.00. Key resistance is at Wednesday’s high in the area of $92.00. Immediate support is at the daily low of $64.08, below that level, the $60.00 round level, and early December lows, in the $56.00 area, might come into focus (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…

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Filed under: News - @ February 6, 2026 10:23 am