empty
29.01.2025 01:36 PM
XAG/USD. Analysis and Forecast

This image is no longer relevant

For the second consecutive day, silver is attempting to attract buyers. Technical indicators on the daily chart have started to gain positive momentum, supporting the outlook for further upside. However, the next upward move will face strong resistance near the $31.00 level, where the 100-day simple moving average (SMA) is positioned. A breakout above this key level could trigger a short-covering rally, marking a significant turning point for XAG/USD.

If silver manages to sustain its upward momentum, the next notable resistance zone lies between $31.45 and $31.50, followed by the psychological barrier at $32.00 and December's high near $32.35. A sustained advance beyond this level would indicate that the corrective decline from the multi-year high reached in October 2024 has ended, paving the way for further gains.

On the other hand, the 200-day SMA, located just above the psychological $30.00 level, will serve as strong immediate support. A decisive break below this area would expose XAG/USD to a potential retest of Monday's weekly low at $29.70. Further weakness could push the price towards the next support at $29.50, with an extended decline targeting the $29.00 threshold and potentially the multi-month low in the $28.75–$28.70 range, recorded in December.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The levels I outlined were not tested during the first half of the day. The volatility seen immediately after the release

Jakub Novak 16:13 2025-03-24 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)

Trade Analysis and Tips for the British Pound The test of the 1.2935 level occurred when the MACD indicator had already moved significantly above the zero line, which limited

Jakub Novak 16:10 2025-03-24 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)

Trade Analysis and Tips for the Euro The test of the 1.0842 level occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's

Jakub Novak 16:07 2025-03-24 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 24. Review of Yesterday's Forex Trades

The test of the 149.26 level occurred when the MACD indicator had just begun to move downward from the zero line, confirming a valid entry point for selling the dollar

Jakub Novak 08:13 2025-03-24 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 24. Review of Yesterday's Forex Trades

The test of the 1.2947 level occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. For this reason

Jakub Novak 08:13 2025-03-24 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 24. Review of Yesterday's Forex Trades

The test of the 1.0847 level occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. For this reason

Jakub Novak 08:12 2025-03-24 UTC+2

Intraday Strategies for Beginner Traders on March 24

The euro and pound remained under pressure at the end of last week. A correction in these trading instruments had been long overdue, and for now, risk asset buyers have

Miroslaw Bawulski 07:22 2025-03-24 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on March 21st (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen The test of the 149.34 level occurred when the MACD indicator had just started moving downward from the zero line, confirming

Jakub Novak 18:30 2025-03-21 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 21st (U.S. Session)

Trade Review and Tips for Trading the British Pound No tests of the key levels I indicated occurred in the first half of the day. The reason was low market

Jakub Novak 18:17 2025-03-21 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 21st (U.S. Session)

Trade Review and Tips for Trading the Euro There were no tests of the key levels I identified earlier today. The reason was low market volatility due to the absence

Jakub Novak 18:09 2025-03-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.