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

USD/JPY: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 150.91 occurred when the MACD indicator had just begun moving upward from the zero mark, confirming a valid entry point for buying the dollar

Jakub Novak 08:01 2025-03-28 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.2927 occurred when the MACD indicator started moving down from the zero mark, confirming a valid entry point for selling the pound. However

Jakub Novak 08:00 2025-03-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.0806 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. For that reason, I didn't

Jakub Novak 08:00 2025-03-28 UTC+2

Intraday Strategies for Beginner Traders on March 28

The euro and the pound have shown that no one is ready for a major sell-off. However, there was no active support from big market participants positioned for long positions

Miroslaw Bawulski 07:15 2025-03-28 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the Japanese yen The test of the 150.27 level occurred when the MACD indicator had just begun to rise from the zero mark, confirming

Jakub Novak 18:04 2025-03-27 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the British pound The test of the 1.2905 level occurred when the MACD had already moved significantly below the zero line, which limited

Jakub Novak 18:02 2025-03-27 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the euro The test of the 1.0772 level occurred when the MACD indicator had just begun to move downward from the zero mark, confirming

Jakub Novak 17:59 2025-03-27 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 27. Review of Yesterday's Forex Trades

The first price test at 150.12 occurred when the MACD indicator moved significantly below the zero line, limiting the pair's downside potential. For this reason, I did not sell

Jakub Novak 08:03 2025-03-27 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 27. Review of Yesterday's Forex Trades

The price test at 1.2875 occurred when the MACD indicator moved significantly below the zero line, limiting the pair's downside potential. For this reason, I did not sell the pound

Jakub Novak 08:03 2025-03-27 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 27. Review of Yesterday's Forex Trades

The price test at 1.0778 occurred just as the MACD indicator began to move down from the zero line, confirming a valid entry point for selling the euro

Jakub Novak 08:03 2025-03-27 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.