The post XAG/USD surges above $86 as US Dollar retraces appeared on BitcoinEthereumNews.com.

Silver (XAG/USD) price climbs over 2% on Monday as the Greenback pares some of its previous gains, a tailwind for the precious metals segment. At the time of writing, XAG/USD trades at $86.35 after bouncing off daily lows of $79.65. XAG/USD Price Forecast: Technical outlook Silver’s technical picture shows that XAG/USD is consolidating within the $80.00-$96.50 range, with neither buyers nor sellers unable to crack the top/bottom of that area. Momentum is in favor of the bulls, as depicted by the Relative Strength Index (RSI), but it remains fragile. On the upside, the key resistance is the $90.00 figure. Once cleared, the next stop would be the March 2 swing high at $96.39, followed by the $97.00 mark. Up next, the following area of interest would be the $100.00 milestone, followed by the January 30 high at 118.47. On the flip side, Silver’s first support would be the 50-day Simple Moving Average (SMA) at $85.51. On further weakness, the next stop would be the March 9 swing low at $79.66 ahead of the March 3 cycle low of $77.98. XAG/USD Price Chart – Technical outlook Silver Daily 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 as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a…

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Filed under: News - @ March 9, 2026 9:23 pm