- Silver falls amid profit taking and high US Treasury yields
- Bearish momentum as silver tests the 50-day SMA at $30.38.
- Recovery possible if silver breaks the 100-day SMA at $30.93, targeting the December high of $32.34.
The price of silver extended its losses for the second day in a row amid high US Treasury yields and traders taking profits ahead of the Federal Reserve’s monetary policy decision next week. However, Trump’s policies could spark a flight to safety and lift the gray metal. XAG/USD is trading at $30.44, down more than 1%.
XAG/USD Price Analysis: Technical Perspective
Silver is trading sideways, capped on the upside and downside by key resistance and support levels, while momentum, as measured by the Relative Strength Index (RSI), suggests sellers are in charge. However, they need to break above the 50-day SMA at $30.38 in order to challenge the confluence of the 200-day and 20-day SMA at $30.03/05. Once those levels are broken, the next support will be the January 14 low of $29.48.
Conversely, if buyers lift XAG/USD above the 100-day SMA at $30.93, look for further upside, with the next key resistance at $32.34, the December 12 peak.
XAG/USD Price Chart – Daily
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.