After two days of decline, silver prices (XAG/USD) have started to climb, currently sitting at about $77.20 per troy ounce during Asian trading on Friday. A look at the daily chart suggests the price is still moving within an ascending channel, indicating a continued bullish sentiment.
The 14-day Relative Strength Index (RSI) is at 63.63, showing a neutral bullish position. This means there’s ongoing momentum, although when the RSI hits above 60, it favors upward movement, yet slipping back towards 50 might hint at some exhaustion.
Even though momentum has dampened due to overbought conditions, the bullish structure of exponential moving averages (EMA) remains intact. Silver prices are currently above both the 9-day and 50-day EMAs, suggesting a persistent bullish outlook.
Looking ahead, silver might test the vicinity of $85.87, which is its all-time high from December 29, 2025, and perhaps aim for the upper edge of the ascending channel around $86.90.
Initially, the 9-day EMA at $75.81 offers support, with the ascending channel boundary near $75.00 providing additional safety. If prices close below this support zone, it could push towards a base of $63.46 over the next 50 days.
Silver FAQ
Silver is often traded in the investment market. It’s historically recognized as a store of value and a medium for exchanges. While it doesn’t overshadow gold in popularity, traders might consider silver for diversifying portfolios or as a hedge against inflation. Investors can acquire physical silver in coins or bars, or they can invest through exchange-traded funds that track silver prices in international markets.
The price of silver can vary due to numerous factors. Concerns over geopolitical tensions or a significant downturn in the economy could boost silver’s price, due to its status as a safe haven, although not as significantly as with gold. Typically, silver prices increase when interest rates drop, and its value is also influenced by the performance of the US dollar. A strong dollar often caps silver prices, while a weaker dollar might support price increases. Other dynamics, such as investment demand, mining output, and recycling rates, significantly contribute to price fluctuations.
Industrial use heavily drives silver, especially in electronics and solar energy, thanks to its superior electrical conductivity. If industrial demand increases, prices tend to rise, but a downturn in demand can lead to price drops. Economic conditions in key countries like the United States, China, and India may also impact price trends. The substantial industrial usage of silver in China, along with consumer demand for jewelry in India, plays a significant role in pricing.
Silver prices generally align with gold movements. When gold prices rise, silver usually follows suit because it shares a similar safe-haven perception. The gold/silver ratio indicates how many ounces of silver it takes to match the worth of an ounce of gold, which assists in gauging the relative value between the two metals. A high ratio might imply silver is undervalued or gold is overvalued, while a low ratio could indicate the opposite.
(The technical analysis in this story was composed with the assistance of AI tools.)
