Technical Outlook for Silver Prices (XAGUSD) Between Federal Reserve Bets and Geopolitical Tensions: Temporary Calm or the Beginning of a New Bullish Wave?

Technically, current price action reflects a clear battle between buyers and sellers near the $75.50–$76.20 region, a pivotal zone that aligns with the 0.236 Fibonacci retracement level and is now acting as a significant technical barrier. Technical indicators, particularly the momentum oscillator shown beneath the chart, also signal attempts to regain bullish momentum. However, confirmation of this scenario remains dependent on the price breaking above $77.15 and then stabilizing above the $78.00 level. A successful breakout could support a move toward the $80.50 and then $82.30 areas during the coming sessions.

On the other hand, the possibility of an extended bearish correction cannot be ruled out if prices fail to maintain current trading levels and fall back below $74.80 followed by $72.00, especially amid ongoing market uncertainty surrounding Federal Reserve policy expectations and global geopolitical tensions. In my view, silver is still moving within a consolidation and price repositioning phase, meaning that any decisive breakout — whether upward or downward — will likely determine the next major direction more clearly, while elevated volatility is expected to remain the dominant feature of short-term market movements.

Support Levels: 72.00 – 74.00 – 75.50

Resistance Levels: 77.15 – 78.00 – 82.30