FX.co ★ XAG/USD, SILVER

Because silver (XAG) prices often follow the movements of gold during significant market fluctuations, they may also be subject to selling pressure. The demand for both metals may decline if yield rises and the dollar appreciates. However, industrial demand will also have an impact on silver. As a result, the silver decline may be different. Gold and silver may continue to be under pressure until yields and the dollar start to decline as long as oil prices stay high and prospects for rate hikes rise. The similar bearish pressure is visible below the $64 region on the spot silver daily chart. At $55, the price is now very close to the major support region's lower boundary. A move towards the main accumulation zone between $45 and $55 will be possible if there is a break below $55. The likelihood of a significant recovery to $72 in spot silver is still high as long as the $45 support level is maintained. Silver prices, however, are still under bearish pressure and are expected to rise in the near future toward the $45 to $50 range. Strong bearish pressure is also visible on the spot silver 4-hour chart, as the price is now getting close to the base pattern's lower border. Prices are still under intense bearish pressure, as seen by the black dotted trendline that extends from the May 2026 highs. A move toward the $50 region will be possible if the price breaks below $55. Conversely, a break below $50 will signal additional declines toward $45, which is thought to be the last decline before the subsequent increase. Silver saw a one-day positive reversal on Monday as buyers reclaimed short-term control after Friday's tight range day concluded with a minor new trend low of $54.78. A support zone between around $54.49 and $54.23 The fresh low and indications of strength further confirmed a support zone between approximately $54.49 and $54.23 on Monday. further confirmed on Monday by the fresh low and indications of strength. That price zone consists of the previous trend high from October 2025, the 88.6% Fibonacci retracement of the earlier advance that began from the October upper swing low, and the bottom edge of a declining trend channel. In late June, it was successfully challenged as support, resulting in a rally and the eventual creation of a lower swing high. If buyers can maintain the momentum, this successful defense of support lays the groundwork for Monday's positive turnaround and the possibility of a wider rebound. The bounds of the slide that followed the May lower swing high at $89.38 are likewise defined by a shorter-term falling channel. The shorter channel's bottom limit was verified as support close to the late June low, just like the bigger declining channel. When combined, the lower boundary line of the bigger channel and the higher boundary line of the smaller channel exhibit the features of a minor, possibly bullish falling wedge that is building close to the current important support zone. The closely linked upper boundary line and the 20-day moving average, which is currently close to $58.89 and declining, indicate dynamic opposition for this wedge pattern. The primary bullish breakout area for the declining trend and the small wedge contained inside it is that price range, together with the minor lower swing high of $59.68. The lower swing high from earlier this month at $63.28, which is also around the 50% retracement of the previous downturn, would therefore be the initial upside objective.