Silver Price Prediction: $74 Support Holds—Can XAG/USD Reclaim $80 in 2026?
Silver prices are showing signs of stabilization near $74.50, following a sharp correction from last week’s spike toward $82–$84.
Quick overview
- Silver prices are stabilizing around $74.50 after a significant correction from last week's high of $82–$84.
- The recent pullback found support at the 50% Fibonacci retracement level of $74.27, indicating a potential decision zone.
- Silver remains in an ascending channel, suggesting a constructive medium-term outlook despite the recent sell-off.
- Traders are advised to buy dips near $74, targeting $78.50, while maintaining risk management below $71.80.
Silver prices are showing signs of stabilization near $74.50, following a sharp correction from last week’s spike toward $82–$84. The move lower wasn’t subtle. Large bearish candles on the 4-hour chart made it clear that traders were locking in profits after a rapid rally rather than abandoning the broader trend altogether.
What stands out is where silver paused. The pullback found support almost precisely at the 50% Fibonacci retracement near $74.27, a level that often acts as a decision zone during healthy corrections. This area also overlaps with a rising trendline drawn from early December, reinforcing its importance as short-term support rather than a breakdown point.
Silver (XAG/USD) Fibonacci Levels Shape the Near-Term Outlook
From a structural perspective, silver remains inside a well-defined ascending channel, keeping the medium-term bias constructive. The recent sell-off retraced a portion of the prior advance without violating the broader pattern of higher highs and higher lows.
Key levels traders are watching include:
- Support: $74.27 (50% Fib), then $71.98 (61.8% Fib)
- Resistance: $76.56 (38.2% Fib), followed by $79.40 (23.6% Fib)
- Trend support: Rising channel base from early December
A sustained break below $72.00 would weaken this structure and expose deeper downside toward $68.90, but for now, buyers continue to defend key retracement levels.
Momentum Cools, Not Collapses
Momentum indicators suggest silver is consolidating, not rolling over. The RSI has rebounded from near 50, a level that often marks equilibrium rather than bearish momentum. This reset allows the market to digest gains without triggering broader technical damage.
Moving averages also support this view. The 50-EMA continues to slope higher, while the 100-EMA remains comfortably below price, reinforcing the idea that the recent decline is corrective rather than trend-ending.
What Comes Next for Silver Prices
If silver can hold above $74, the technical setup favors another attempt higher, with $76.50 as the first test and $78–$80 coming back into focus if momentum rebuilds. The longer silver stays above its rising channel, the more the pullback resembles consolidation ahead of the next leg.
For traders, the message is simple: silver has cooled, but it hasn’t cracked. If support continues to hold, the path of least resistance may once again tilt higher as 2026 approaches.
Silver Trade Insight
A constructive setup favors buying dips near $74, targeting $78.50, with risk defined below $71.80.
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