FX.co ★ XAG/USD, SILVER

#SILVER The daily chart of silver (SILVER, D1) indicates a strong bullish momentum as prices have risen sharply to 53.105 after opening at 52.230 and reaching an intraday high of 53.400. The consistent upward movement of the candlesticks shows that silver has been in a sustained uptrend since early September 2025. Each candle over recent sessions is bullish, with higher highs and higher lows, confirming the continuation of an established upward trend. The volume bars also show a gradual increase in buying activity, particularly in the later part of the chart, suggesting that investors are supporting the rally with strong participation rather than speculative moves. This volume confirmation strengthens the reliability of the ongoing bullish sentiment. The MACD (12,26,9) indicator reinforces the bullish scenario. The MACD line (2.6518) remains above the signal line (2.1815), indicating that upward momentum is dominant. The widening gap between the two lines reflects growing bullish strength, as buying pressure continues to push the price higher. The histogram bars are positive and increasing in size, suggesting that the uptrend may continue in the short term. There are no immediate signs of bearish divergence or weakening momentum on the MACD, which supports the potential for further upside movement in the coming sessions. However, traders should monitor for any overextension, as silver has rallied significantly without any notable correction in recent weeks.

The ADX (14) reading of 63.83 further confirms a very strong trend in progress. The ADX value above 60 typically indicates that the current trend is powerful and well-established. The +DI (green line) is positioned well above the –DI (red line), highlighting that buyers are firmly in control. The wide separation between the directional indicators shows clear bullish dominance. However, an ADX this high can sometimes precede short-term consolidation or minor pullbacks as markets digest strong gains. In summary, the silver daily chart presents a robust bullish picture, driven by rising volumes, strong MACD momentum, and an exceptionally high ADX reading. The trend remains positive with buyers firmly in command, and the price action suggests further upside potential if the momentum continues. Nonetheless, traders should watch for overbought conditions and potential profit-taking zones around resistance levels near 54–55. A short-term pullback or sideways consolidation may occur before the next leg higher, but the overall structure remains bullish as long as the price stays above 51.90 support.