Silver Climbs to $94.22 as Bulls Target $100 on Trade Tensions and Fed Uncertainty
Silver (XAG/USD) is trading around $94.22, showing resilience despite a modest intraday dip of 0.26%. The metal remains...
Quick overview
- Silver (XAG/USD) is currently trading at $94.22, maintaining a bullish structure despite a slight intraday dip.
- Technical indicators suggest potential upside, with immediate resistance at $95.00 and support at $93.35.
- Geopolitical tensions and economic uncertainty continue to drive safe-haven demand for Silver.
- A breakout above $95.00 could lead to a rally towards $100.75, while failure to hold above $93.35 may result in a pullback.
Silver (XAG/USD) is trading around $94.22, showing resilience despite a modest intraday dip of 0.26%. The metal remains inside a rising price channel, supported by safe-haven demand and cautious sentiment surrounding global trade and monetary policy.
Price action continues to reflect a bullish structure, with Silver forming higher lows and higher highs on the 2-hour chart. Investors are favoring precious metals as geopolitical tensions and economic uncertainty persist.
Silver (XAG/USD) Technical Levels and Market Setup
Silver’s technical indicators point to continued upside potential:
- Current price: $94.22
- Immediate resistance: $95.00, followed by $96.70 and $100.75
- Immediate support: $93.35, then $87.66 and $83.35
- RSI: 60.35 — moderately bullish, with room before overbought territory
- Moving Averages: 50-period MA above 200-period MA — bullish alignment
The price remains above both moving averages, reinforcing the bullish bias. A breakout above $95.00 could trigger a rally toward $100.75, especially if volume confirms strength.
[[XAG/USD-graph]]
Dollar Strength and Fed Outlook
The U.S. dollar regained ground after a brief overnight dip, supported by strong labor market data that pushed back expectations for rate cuts until mid-2026. Traders now assign a high probability that the Federal Reserve will hold rates steady at the upcoming January meeting.
This shift in monetary policy expectations has capped some upside for Silver, but safe-haven demand continues to provide support.
Geopolitical Risks Support Safe-Haven Demand
Global headlines remain a key driver for Silver. Trade tensions between the U.S. and Europe have resurfaced, while the Russia-Ukraine conflict continues to disrupt energy infrastructure. These risks have kept investors cautious, reinforcing Silver’s role as a hedge against volatility.
Silver (XAG/USD) Price Outlook
With technical momentum intact and macro risks elevated, Silver appears poised for further gains:
- A confirmed breakout above $95.00 opens the door to $96.70–$100.75
- Failure to hold above $93.35 could trigger a pullback toward $87.66–$83.35
- RSI and moving averages suggest room for continuation before exhaustion
Traders should watch for volume confirmation and macro headlines to validate the next move.
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