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Silver Price Forecast: XAG/USD targets nine-day EMA support below $72.00

Silver price (XAG/USD) has pared its nearly a 4.5% gain registered in the previous session, trading around $72.20 during the European hours on Wednesday. However, Silver prices are on track for an annual gain of over 150% in 2025, marking the metal’s strongest yearly performance.

🔗 Source

💡 DMK Insight

Silver’s recent pullback from a 4.5% gain is a crucial moment for traders. At around $72.20, the market is showing signs of volatility, which could be a signal for both profit-taking and potential re-entry points. With an anticipated annual gain of over 150% in 2025, traders should keep a close eye on this metal, especially as it approaches key resistance levels. If silver can hold above $70, it might attract more bullish sentiment, but a drop below could trigger stop-loss orders and further selling pressure. Look for volume spikes around these levels to gauge market sentiment. On the flip side, while the bullish outlook for 2025 is enticing, it’s worth questioning whether the current price action reflects over-optimism. If macroeconomic indicators shift, such as rising interest rates or a stronger dollar, silver could face headwinds. Traders should monitor the broader economic landscape and any shifts in investor sentiment that could impact precious metals. Keep an eye on the $70 support level and watch for any news that could sway market dynamics.

📮 Takeaway

Watch for silver to hold above $70; a failure to do so could trigger further selling, while a bounce might signal renewed bullish momentum.

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