Silver Tests Its 200-Day Moving Average for the First Time in a Year

XAGUSD has returned to its 200-day moving average for the first time in twelve months, placing the market at a crucial technical crossroads. Long-term trend followers typically regard this level as the dividing line between a healthy correction and the start of a broader bearish phase. Following the stronger-than-expected US employment data and the subsequent repricing of Federal Reserve expectations, the test has become even more significant.
Unlike gold, silver derives support from both investment flows and industrial demand, particularly from the renewable energy, semiconductor and artificial intelligence sectors. Those structural drivers remain intact, yet higher US real yields and a stronger dollar continue to weigh on precious metals. Should buyers successfully defend the current support area, silver could quickly regain upward momentum. However, a decisive break lower would likely accelerate systematic selling and invite further downside.
📊 Key Technical Levels
🟢 Support: $64.00
🔴 Immediate Resistance: $70.00
🔴 Major Resistance: $76.10
⚠️ Breakdown Target: $56.0–60.00 if the 200-day average fails to hold.







