01 Jul 2026
📊 Silver (XAG/USD) Technical Analysis: Bears Remain in Control Below $60.00
Silver (XAG/USD) is trading around $57.54, remaining under bearish pressure despite showing early signs of stabilization. The broader trend continues to favor sellers, with recent price action suggesting that the current recovery is more likely a corrective bounce than the beginning of a sustained bullish reversal.
📉 Momentum Analysis
Technical indicators suggest downside momentum is beginning to slow:
RSI (14): Has recovered toward the 40 level, indicating improving momentum but still reflecting a bearish environment.
MACD: Has crossed slightly into positive territory, suggesting weakening selling pressure without confirming a trend reversal.
As long as Silver remains below key resistance levels, the broader bearish structure remains unchanged.
🟢 Key Support Levels
$56.60 – Immediate support
$55.71 – Seven-month low
$54.86 – October 2025 high
$54.39 – November 2025 high
A decisive break below $55.71 could accelerate bearish momentum toward the next major support zones.
🔴 Key Resistance Levels
$59.45 – 23.6% Fibonacci Retracement
$60.00 – Psychological resistance
$63.50 – 50% Fibonacci Retracement and major resistance
A sustained move above $60.00 would improve short-term sentiment, while a break above $63.50 would be required to confirm a stronger bullish recovery.
📊 Market Outlook
Silver remains trapped within a bearish market structure, with buyers attempting to stabilize prices after recent declines. However, unless the metal breaks above the $60.00 resistance zone, rallies are likely to attract fresh selling pressure.
🎯 Trading Bias
• Short-Term: Bearish 📉
• Medium-Term: Bearish 📉
• Key Resistance: $60.00 🔴
• Key Support: $55.71 🟢
Check Live Signal Here👉https://www.goldscalpingsignals.com/packages
Latest Posts
