Silver (XAG\/USD) stayed within a multi-day range in Friday\u2019s Asian session. It traded just above the mid-$89.00s, up nearly 1.0% on the day.<\/p>\n
Price has remained above the rising 100-period EMA on the 4-hour chart, near $84.40. This keeps the short-term uptrend intact despite the recent sideways move.<\/p>\n
The RSI has eased towards 58 but remains above 50. This points to continued buying pressure even as momentum cools.<\/p>\n
The MACD (12, 26, 9) is slightly negative but moving closer to the zero line. This suggests weakening downside momentum after the pullback from $91.<\/p>\n
Support levels are seen at $88.20, then $87.50, and then $84.00\u201384.40 around the 100-period EMA near $84.40. A move below $87.50 could shift bias lower towards $84.00\u201384.40.<\/p>\n
Resistance is at $90.00 and then the swing high near $91.10. A 4-hour close above $91.10 could open a move towards $93.00.<\/p>\n
The technical analysis was produced with support from an AI tool.<\/p>\n
We are seeing silver consolidate in a tight range, but the technical picture favors a move higher. The price holding above the mid-$89.00s and staying above key moving averages suggests underlying strength. This makes any small dips look more like buying opportunities than the start of a reversal.<\/p>\n
This bullish technical outlook is supported by strong fundamental demand, especially from the renewable energy sector. We saw last year, in 2025, that the Global Solar Council reported a record 22% increase in photovoltaic installations, which heavily rely on silver. This persistent industrial consumption provides a solid price floor for the metal.<\/p>\n
Furthermore, last week’s slightly cooler-than-expected US inflation print is reinforcing our view that the Federal Reserve will pause its rate-hiking cycle. This expectation of stable interest rates puts a cap on the US Dollar’s strength. A steady or weaker dollar is historically supportive for dollar-denominated assets like silver.<\/p>\n
For derivatives traders, this suggests that buying call options or bull call spreads could be a viable strategy in the coming weeks. We should watch for any corrective slides towards the $88.20 support level as a potential entry point. A break above the recent high of $91.10 would be the key trigger for a sustained move towards the $93.00 region.<\/p>\n
On the other hand, we must manage risk by watching the $87.50 level closely. A sustained break below this point would signal that the bullish momentum is fading and might warrant considering protective put options. This would open the door for a deeper pullback toward the major support zone around $84.40.<\/p>\n
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