
Uniglobe Markets
June 17, 2025 at 06:56 AM
*XAG/USD Technical Overview*
Silver continues to consolidate within a tight horizontal range, indicating indecision. The flattening of all moving averages supports the sideways narrative. RSI at 57.29 suggests mild bullish bias but lacks confirmation.
Support and Resistance Levels
• Support: 36.20, 35.85
• Resistance: 36.50, 36.80
Trade Scenarios
Buy Scenario: A breakout above 36.50 with volume confirmation could pave the way to 36.80.
Sell Scenario: A move below 36.20 would negate bullish setups, targeting 35.85.
