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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

7 July 2025 16:23  |

Why Silver Is Under Pressure Again

Silver (XAG/USD) prices are moving lower after halting a three-day winning streak, down more than 1%, during European trading hours on Monday. Technical analysis of the daily chart shows that the precious metal remains in an ascending channel pattern, indicating a bullish bias is in effect.

As of this writing, Silver is trading at $36,613

Recommendations:

Buy if price breaks above $36,400

Sell if price breaks below $36,850

 

Resistance 2: $37,053

Resistance 1: $36,913

 

Support 1: $36,313

Support 2: $36,173

Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.

Source: Newsmaker.id

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