Silver has held near $70.00 for three straight trading days, moving within a $67.50 to $71.50 range. Price action remains range-bound as neither side has pushed beyond these levels.<\/p>\n
The short-term bias is slightly bearish, with resistance at the 100-day SMA of $74.11. Support is seen at the March 23 swing low of $61.02.<\/p>\n
After reaching $96.39 on March 2, silver formed a run of lower highs and lower lows. The decline paused when price failed to break below the $61.00 area, followed by a rebound towards $70.00 and consolidation.<\/p>\n
The RSI is bearish and remains below the 50 level. While it stays under 50, downside pressure may persist.<\/p>\n
If XAG\/USD falls below $60.00, focus turns to the 200-day SMA at $57.85. Below that, levels to watch include $55.00 and then $50.00.<\/p>\n
If silver breaks above $71.50, the next resistance is the 100-day SMA at $74.11. Above $74.11, price may move towards the 20-day SMA at $77.05, then $80.00.<\/p>\n
Silver is consolidating around the $34.00 mark, trading within a tight range between $33.20 and $34.80 for the past week. This sideways movement indicates that neither buyers nor sellers have enough conviction to establish a clear direction. The market appears to be waiting for a new catalyst after the recent economic data releases.<\/p>\n
Our short-term bias is cautiously bearish, with the price capped by resistance at the 100-day Simple Moving Average (SMA) of $35.10. On the downside, silver is finding support near the March 19th low of $32.80. This technical posture suggests that the path of least resistance may be lower in the immediate term.<\/p>\n
We remember the strong rally in the last quarter of 2025, but the price has been printing lower highs since it peaked near $37.50 in February. The downtrend paused when sellers failed to push below the $32.00 level, leading to the current consolidation. This suggests the market is taking a breath and digesting those earlier gains.<\/p>\n
Adding to the pressure, the Federal Reserve’s minutes from last week signaled a “higher for longer” stance on interest rates, making non-yielding assets like silver less attractive. We have also seen silver ETF holdings drop by nearly 2% in March, showing waning investor appetite. Statistics from the COMEX show managed money traders have been reducing their net long positions.<\/p>\n
If silver breaks below the $32.80 support level, traders should consider buying puts or establishing short futures positions. The next significant area of interest would be the 200-day SMA, currently around $31.50. A failure to hold that level would likely trigger a move toward the psychological support at $30.00.<\/p>\n
On the other hand, if buyers manage to push the price firmly above the $35.10 resistance, it could signal an end to the current weakness. This would be a cue to look at call options, with an initial target at the February high of $37.50. A successful break of that resistance would bring the $40.00 milestone into view.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Silver consolidates near $70 within $67.50\u2013$71.50; bearish bias persists with RSI below 50, key levels.<\/p>\n","protected":false},"author":103,"featured_media":16980,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-45921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/45921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=45921"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/45921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16980"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=45921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=45921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=45921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}