XAG/USD Price prognosis: the parallel channel keeps the bullish bias, but the impulse fades

• The silver is stabilized above 36.00 $ during the American session, consolidating below maximums of several years.
• The price action remains within an upward parallel channel with key support at $ 35.50.
• A rupture below $ 35.50 could expose $ 34.50, with the rise limited for resistance at 36.50 –36.60 $.

La Plata (XAG/USD) is around $ 36.20 during the American session on Tuesday, negotiating in a narrow range while the bulls take a pause after the strong rebound that took the metal to maximum of several years in June. The price action has become lateral since then, reflecting a consolidation phase in the midst of a momentum cooling and the decrease in geopolitical tensions.

Although the broader bullish trend remains intact, the lack of follow -up purchases above $ 36.50 suggests that the metal may need a new catalyst to resume its ascent. Notably, the presence of longer shadows near the area of ​​$ 35.50 in recent sessions suggests that buyers are actively defending this support, reinforcing its technical importance.

From a technical perspective, silver is negotiated within a parallel channel that has guided the price action since the beginning of April, reflecting a well -defined upward trend with higher maximums and minimums. The price is currently near the middle line of the channel, with immediate short -term support seen around $ 35.50, which also coincides with the lower limit of the parallel channel.

The 21 -day exponential (EMA) mobile average at $ 35.79 is closely aligned with the channel floor, which continues to offer dynamic support, helping to maintain the short -term bullish structure. A break below the lower limit of the channel, about $ 35.50, would suggest a change in the market tone and expose the following support in 34.50 $.

The Relative Force Index (RSI) is about 57, pointing out a modest bullish impulse without a strong conviction, although it lacks a significant ascending impulse. Meanwhile, The indicator of convergence/divergence of mobile socks (MACD) has confirmed a bassist crossing, with the MacD line now tending below the signal line. This crossing indicates a clear loss of bullish impulse, adding weight to consolidation in silver prices. Although the MACD remains in positive territory for now, the crossing, combined with the narrow histogram, reflects a growing downward risk.

Looking forward, the bulls need to recover ground above $ 36.50 to confirm a renewed force and pave the path to the 37.00 –37.50 $ area. Down, a closure below $ 35.50 would risk a deeper setback by $ 34.50 and possibly $ 33.50.