Silver (XAGUSD) forum


Silver Up Slightly as Markets Await Powell
XAG/USD rose 0.3% to $37.23 on Wednesday, though gains were capped by a stronger U.S. dollar as investors turned to safe assets amid escalating geopolitical tensions and caution ahead of the Federal Reserve’s decision. Silver’s safe-haven appeal remained, but the firmer dollar made it less attractive for non-dollar buyers. Markets are now watching Fed Chair Jerome Powell’s remarks for clues on future policy and near-term direction for silver.
Resistance is set at 37.50, while support stands at 35.40.

We’ve reached a strong resistance level. It feels like the momentum has temporarily run out, and new fuel is needed—but it’s not the right kind.
I’m exiting the position for now.
Will re-enter on a breakout above 37.35.
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66 dollars an oz by july 4th