Silver ($XAG ) Daily Chart Update ✨
The silver market has been showing extreme volatility over the past few weeks. Let’s break down the key signals from the chart:
- Current Price: 77.86 USDT (+4.22% in 24h)
- 24h Range: High 78.25 | Low 73.94
- Volume: 14.8M XAG (~1.13B USDT)
🔎 Technical Highlights
- Moving Averages:
- MA(7): 80.28 → short-term trend still under pressure
- MA(25): 93.38 → medium-term resistance far above current price
- RSI(6): 39.45 → momentum remains weak, close to oversold territory
- Candlestick extremes:
- Peak at 121.74 (recent rally top)
- Drop to 64.52 (sharp correction low)
Trade $XAG here 👇
📈 Market Story
- A strong rally pushed silver up to 121.74, but profit-taking and selling pressure triggered a steep correction down to 64.52.
- The current rebound toward 78 shows buyers stepping back in, but the moving averages suggest resistance ahead.
- RSI indicates the market is not overheated, leaving room for potential upside if momentum builds.
⚡ Takeaway
Silver is in a recovery phase after a major correction. Traders should watch the 80–93 zone closely: breaking above could signal a stronger bullish reversal, while failure may lead to consolidation around current levels.