Silver (XAG) is experiencing active trading through Binance Futures contracts, with renewed bullish momentum after strong tests of support levels.
🔹 Current price is trading near: ~ 84 USD
🔹 Highest price in 24 hours: 86.35 USD
🔹 Lowest price in 24 hours: 82.51 USD
🔹 Daily change: Approximately +2.8%
🔹 24-hour trading volume: ~72 million USD
🔹 Liquidity: Relatively good in futures contracts
📊 Technical indicators:
MACD: In the positive zone, indicating potential for continued upward movement.
RSI: At ~55, indicating a balanced market not overbought or oversold.
Moving averages: Price above short-term MA50, with strong support at long-term MA100–MA200.
🧭 Support and resistance levels:
Primary support: 82 USD | Secondary: 80 USD
Primary resistance: 86–86.35 USD | Secondary: 88 USD
🎯 Expected targets (short-term):
Potential upward movement: 86.35 USD → 90 USD
Potential decline upon breaking support: 82 USD → 80 USD
🛑 Suggested stop-loss: 80 USD to protect against decline, or above 90 USD for upward trading.
💡 Summary:
XAG offers a short-term upward opportunity with relatively stable liquidity and momentum. MACD and RSI indicators support the likelihood of continued upward movement upon breaking the current resistance of 86–86.35 USD, with the need to monitor the key support at 82 USD to avoid any risks.