
Uniglobe Markets
May 30, 2025 at 06:25 AM
*XAG/USD Technical Overview*
Silver is under selling pressure after failing to hold above recent highs. The price has dropped sharply and is trading below all key moving averages, suggesting continued weakness.
Support and Resistance Levels
• Support: 32.88 / 32.70
• Resistance: 33.15 / 33.35
Buy Scenario
Buy only if price breaks above 33.15 and sustains, targeting 33.35.
Sell Scenario
Sell below 32.88 with scope for a decline toward 32.70.
