silver320

$XAG
In the daily chart, XAG/USD trades at $64.90, keeping a bearish near-term tone as it remains capped by the 20-day Moving Average Exponential (EMA) at $65.18. Price trades close to the broken downward resistance trend line, while the Relative Strength Index (14) around 50 hints at neutral momentum that fails to offset the overhead technical barriers.
On the topside, initial resistance is located at the 20-day EMA at $65.18, which continues to limit recovery attempts in the short term. On the downside, the former resistance trend line turning into support around $64.26 is the first level to watch, as a daily close below this area would likely expose XAG/USD to renewed selling pressure.

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After a surprise bullish breakout last week, spot Gold and Silver have extended their gains. During the past 24 hours, spot Gold surged 2% to hit a fresh new all-time high of about $4,762 per ounce at press time.

Spot Silver price surged 5% during the past 24 hours to hit a new ATH of above $95 on Tuesday, January 20, 2025. Similarly, Palladium and Platinum recorded gains on Tuesday to trade at about $1,869 and $2,446 at press time.

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