Silver Price Steadies at $36.00 as Traders Watch for Breakout Above $36.25
Silver (XAG/USD) is stabilizing near the $36.00 mark, up 0.12% intraday, as bulls attempt to regain control after last week’s...
Quick overview
- Silver (XAG/USD) is stabilizing around $36.00, showing signs of recovery after a recent pullback, with key support at $35.63.
- The MACD indicator has printed a bullish crossover, suggesting potential upward momentum if resistance at $36.25 is cleared.
- Traders should monitor the price action closely, as failure to break through $36.25 may lead to renewed selling pressure.
- Key resistance levels include $36.15 (50-period EMA) and $36.25, while support is found at $35.63 and $35.30.
Silver (XAG/USD) is stabilizing near the $36.00 mark, up 0.12% intraday, as bulls attempt to regain control after last week’s sharp pullback. The precious metal found key support at $35.63, forming a temporary floor, and is now testing the underside of the 50-period EMA at $36.15 on the 4-hour chart. This level has capped multiple recovery attempts, making it a crucial pivot for short-term sentiment.
The recent rebound from the $35.63 zone came after a steep selloff from June highs above $37.30. However, the formation of higher lows and long lower wicks in recent candles suggests dip-buying interest is increasing—an early sign of potential bottoming behavior.
MACD Crossover Hints at Recovery
On the technical front, XAG/USD momentum is improving gradually. The leading technical indicator, MACD, has printed a bullish crossover below the zero line, and the histogram is beginning to turn green after a prolonged bearish stretch.
This perticular shift in momentum suggest a potential rotation higher if bulls can clear immediate resistance.
What’s worth watching:
- MACD crossover: First bullish signal in over a week
- Price structure: Holding higher lows above $35.63
- EMA test: Price now facing dynamic resistance at the 50-EMA ($36.15)
Still, the recovery remains tentative unless silver clears $36.25, a level that acted as both support and resistance in previous sessions. Failure to break through may result in renewed selling pressure toward $35.63 or lower.
Silver (XAG/USD) Key Technical Levels and Trade Setup
Resistance Zones:
- $36.15 – 50-period EMA
- $36.25 – Horizontal resistance
- $36.66 – Major swing high
Support Zones:
- $35.63 – Last bounce zone
- $35.30 – Minor horizontal support
- $34.97 – Trendline support
Silver (XAU/USD) Trade Setup Ideas:
- Bullish Scenario: A 4-hour candle formation over $36.25 with rising volume has a potential to trigger a long entry, while targeting $36.66 and $36.99. Whereas, a bullish engulfing or strong green candle would reinforce the setup.
- Bearish Scenario: If silver fails to clear $36.25 and prints a bearish reversal (e.g., shooting star), a short position targeting $35.63–$35.30 may be viable.
- Stop-Loss Guidance: Bulls may consider placing stops just below $35.63; bears above $36.66.
With the MACD ticking up and buyers defending key support, silver is at a technical inflection point. Until a confirmed breakout occurs, rangebound behavior between $35.63 and $36.25 could persist. Traders should remain nimble and wait for price-action confirmation before committing to directional bias.
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