Silver (XAG\/USD) was steady near $75.00 on Wednesday after it failed to break above the 20-day simple moving average (SMA) at $76.90. It was last at $75.07 as US Treasury yields reduced earlier losses.<\/p>\n
The price remains above recent levels, but the failure at the 20-day SMA has kept it near $75.00 and raised questions about the March 31 breakout. The Relative Strength Index (RSI) has flattened in bearish territory, pointing to weaker buying momentum.<\/p>\n
A move higher would require a break above the 20-day SMA, with $77.00 as the next level, then $80.00. Further resistance is at the 50-day SMA at $83.62.<\/p>\n
On the downside, a fall below the 100-day SMA at $74.43 would bring $70.00 into view, followed by the March 26 swing low at $66.72.<\/p>\n
Looking back at early April of 2025, we saw silver struggling around the $75 mark, unable to break past its 20-day moving average. Today, the picture is quite different, with the metal holding strong above $85. This shows a significant shift in market sentiment from the consolidation we experienced last year.<\/p>\n
We believe this strength is supported by institutional positioning, as recent CFTC data shows managed money has increased its net-long silver positions to a six-month high. Unlike the weakening momentum we saw in 2025, large traders are now betting on further price increases. This makes buying call options or establishing long futures positions an attractive strategy on any minor dips.<\/p>\n
Furthermore, the fundamental picture has improved dramatically since last year. Projections for 2026 indicate a 12% increase in silver demand from the solar panel industry alone, creating a tight physical market. This underlying industrial demand provides a strong price floor that was less certain during the sideways trading of 2025.<\/p>\n
However, we must not ignore the risks, remembering how quickly the rally stalled in 2025 when momentum faded. The latest US inflation report came in hotter than expected at 3.1%, which could delay anticipated interest rate cuts and strengthen the dollar. Traders should consider using put options to hedge long positions, especially if the price fails to hold the $82 level, which could signal a temporary pullback.<\/p>\n","protected":false},"excerpt":{"rendered":"
Silver held near $75 after failing to clear the 20-day SMA; bearish RSI signals fading momentum.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-46099","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t