13 Aug 2025
Silver Price Forecast: XAG/USD bulls flirt with trend-line resistance around $38.20 area
Silver Price Forecast: XAG/USD bulls flirt with trend-line resistance around $38.20 area
NEWS | 08/13/2025 04:31:07 GMT | By Haresh Menghani
Silver scales higher for the second straight day and tests the descending trend-line hurdle.
The technical setup backs the case for an eventual breakout through the said barrier.
Any corrective pullback below $38.00 is likely to be bought into and remain cushioned.
Silver (XAG/USD) gains positive traction for the second consecutive day and builds on the momentum beyond the $38.00 mark during the Asian session on Wednesday. The white metal currently trades around the $38.20 region, up over 0.70% for the day, and flirts with a descending trend-line resistance extending from a multi-year peak touched in July.
Given this week's repeated rebounds from the 200-hour Simple Moving Average (SMA) pivotal support, a sustained strength beyond the said barrier will be seen as a fresh trigger for the XAG/USD bulls. This, in turn, will set the stage for a further near-term appreciating move amid positive oscillators on daily/hourly charts. The subsequent move up could lift the white metal to the next relevant hurdle near the $38.70 area en route to the $39.00 round figure. The momentum could extend further towards the $39.50 area, or the highest since February 2012, set last month.
