Silver Price Forecast: XAG/USD holds above $51.00 as it nears trading range support

• Thursday sees silver trade slightly lower, but selling pressure fails to gather momentum.
• With prices confined to a range beneath the 100-EMA on the 4-hour chart, bears retain the advantage.
• Only a sustained break above resistance at $53.15-$53.20 would remove the bearish bias.

The weekly low around $51.20-$51.15 is being tested again as Silver (XAG/USD) slips during Thursday’s Asian session, following the previous day’s swings in both directions. Further selling has failed to materialise, however, leaving the white metal trading around the mid-$51.00s, less than 0.50% lower on the day.

Repeated unsuccessful attempts to break above the 100-period Exponential Moving Average (EMA) on the 4-hour chart leave XAG/USD under clear bearish pressure from a technical standpoint. At $53.17, this resistance also marks the upper boundary of a range established over the past week, making it a key reference level for short-term traders.

With the Relative Strength Index close to 44 and the Moving Average Convergence Divergence (MACD) indicator below zero, the signals point to muted bullish momentum rather than an imminent reversal. A further decline would therefore need confirmation from follow-through selling beneath support at the lower end of the trading range, near $51.00.

A break lower could take XAG/USD beneath the psychological $50.00 level, followed by the next notable support around the round number of $49.00 and the one-year low of $48.65-$48.60 reached last Tuesday. Any recovery would first face significant resistance in the $53.15-$53.20 region; bulls would need to regain this area to temper the prevailing bearish bias.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

XAG/USD remains under pressure on the 4-hour chart