empty
29.01.2025 01:36 PM
XAG/USD. Analysis and Forecast

This image is no longer relevant

For the second consecutive day, silver is attempting to attract buyers. Technical indicators on the daily chart have started to gain positive momentum, supporting the outlook for further upside. However, the next upward move will face strong resistance near the $31.00 level, where the 100-day simple moving average (SMA) is positioned. A breakout above this key level could trigger a short-covering rally, marking a significant turning point for XAG/USD.

If silver manages to sustain its upward momentum, the next notable resistance zone lies between $31.45 and $31.50, followed by the psychological barrier at $32.00 and December's high near $32.35. A sustained advance beyond this level would indicate that the corrective decline from the multi-year high reached in October 2024 has ended, paving the way for further gains.

On the other hand, the 200-day SMA, located just above the psychological $30.00 level, will serve as strong immediate support. A decisive break below this area would expose XAG/USD to a potential retest of Monday's weekly low at $29.70. Further weakness could push the price towards the next support at $29.50, with an extended decline targeting the $29.00 threshold and potentially the multi-month low in the $28.75–$28.70 range, recorded in December.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on April 28. Review of Yesterday's Forex Trades

The price test at 143.75 occurred when the MACD indicator had already moved significantly above the zero line, which, in my view, limited the pair's upside potential. For this reason

Jakub Novak 08:19 2025-04-28 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 28. Review of Yesterday's Forex Trades

The price test at 1.3317 occurred when the MACD indicator moved significantly above the zero line, limiting the pair's upward potential. For this reason, I did not buy the pound

Jakub Novak 08:19 2025-04-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 28. Review of Yesterday's Forex Trades

The first test of the 1.1340 price level in the second half of the day coincided with the moment when the MACD indicator had already moved significantly below the zero

Jakub Novak 08:19 2025-04-28 UTC+2

Intraday Strategies for Beginner Traders on April 28

The euro and the pound remained within their sideways channels, where they could spend the entire day. There are no particular reasons for the growth of risk assets, but there

Miroslaw Bawulski 08:19 2025-04-28 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – April 25th (U.S. Session)

Trade Analysis and Guidance for the Japanese Yen The price test at 143.49 occurred just as the MACD indicator began moving down from the zero line, confirming a valid entry

Jakub Novak 20:09 2025-04-25 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – April 25th (U.S. Session)

Trade Analysis and Guidance for the British Pound The price test at 1.3292 occurred when the MACD indicator had just started to move upward from the zero line, which confirmed

Jakub Novak 19:22 2025-04-25 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – April 25th (U.S. Session)

Trade Analysis and Guidance for the Euro The price test at 1.1355 occurred when the MACD indicator had already risen significantly above the zero line, which, in my view, limited

Jakub Novak 19:17 2025-04-25 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 25. Review of Yesterday's Forex Trades

The price test at 142.60 happened when the MACD indicator had moved significantly above the zero mark, which I believe limited the pair's upward potential. For this reason

Jakub Novak 08:31 2025-04-25 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 25. Review of Yesterday's Forex Trades

The price test of 1.3322 occurred when the MACD indicator had already moved significantly above the zero line, limiting the pair's upside potential. That's why I didn't buy the pound

Jakub Novak 08:31 2025-04-25 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 25. Review of Yesterday's Forex Trades

The first test of the 1.1372 price level in the second half of the day occurred when the MACD indicator had already moved far below the zero mark, which limited

Jakub Novak 08:31 2025-04-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.