Silver (XAG/USD) Price Forecast: Testing Resistance Amid Bearish Pressure

Testing Key Resistance Levels

Silver remains under pressure as it has been testing resistance near the 10-day and 100-day moving averages. Those averages previously acted as dynamic support and now serve as resistance. That flip reflects continued downward pressure. Bearish momentum has increased over the past found days. The first pullback to test resistance occurred on Wednesday, and resistance was seen near the 100-day moving average. Its significance is reinforced by the top line of a rising trend channel, which aligns with a similar price level.

Crossover Confirms Bearish Momentum

Then on Monday, resistance was confirmed near the 10-day moving average, which recently crossed below the 100-day moving average for the first time since February 2025. That crossover confirms the presence of bearish momentum.

Downside Targets and Trend Structure

Unless there is a decisive advance above last week’s high of $74.57, silver is poised to reverse from the top side of the channel and head toward the lower boundary of the formation. The 200-day moving average is currently near the bottom channel line at $58.30, providing another guide for a lower target and key trend support. Since resistance is being found near the 100-day moving average, the 200-day average becomes the next lower moving average target.

Short-Term Patterns and Measured Move

There is not currently a clear short-term pattern in silver but another decline below the prior swing low of $64.06 would be a key warning of weakening. Keep in mind that since the 200-day average is rising, it could intersect or exceed the $64.06 low before price reaches it. Given recent signs of aggressive selling, the 200-day average and lower channel line could be at risk of being breached.

The second leg down from the January peak of $121.67 may have further to fall if it mirrors the magnitude of the first leg down from that high. A 78.6% decline of the first leg down provides an initial measured move target at $51.88. Because this is below the uptrend line and 200-day average, it underscores that downward pressure may be strong enough to break through those key trend indicators.

If you’d like to know more about how to trade gold and silver, please visit our educational area.