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Silver Price Forecast: XAG/USD consolidates near $39.00, bulls target multi-year high
Silver (XAG/USD) is consolidating gains near one-month highs on Thursday, following a successful retest of former triangle resistance around $38.00. Wednesday’s rebound confirmed the breakout structure and helped reinforce bullish momentum, supported by a softer US Dollar (USD). With XAG/USD holding above key moving averages, the near-term technical outlook remains constructive for bulls. At the time of writing, XAG/USD is trading near $38.90, having reached an intraday high of $39.12, its strongest since July 25. The metal continues to benefit from a softer Greenback, which remains under pressure as traders digest ... (full story)
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- Aug 28, 2025 11:27am Posted byTechnical Analysis198
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