🚨 Gold Update: Bulls Eye $3,500 Again? 📈
08 Aug 2025
01 Aug 2025
🪙 Silver Price Forecast
Silver (XAG/USD) remains under pressure, trading near $36.65, after failing to sustain a modest rebound from $36.20, its lowest level in nearly a month. The metal has dropped 0.15% intraday, and technical signals suggest more downside could be on the horizon.
🔍 Technical Outlook
📉 Bearish Breakdown Confirmed:
Silver broke below a two-month ascending channel this week, aligning with a drop beneath the 200-SMA on the H4 chart — a strong bearish trigger.
📊 Momentum Weakening:
Daily chart oscillators have begun tilting negative.
RSI on H4 is oversold, hinting at possible short-term stabilization.
🧱 Key Support Zones:
$36.20 → Multi-week low
$36.00 → Psychological support
$35.50 → Bearish target zone if downside resumes
📈 Resistance Levels to Watch:
$37.00 → Immediate resistance
$37.55–$37.60 → Critical confluence zone (broken support turned resistance)
Only a strong break above $37.60 would invalidate the bearish setup and restore bullish momentum.
✅ Premium Signal Summary (For VIP Only):
“Silver scalp sell setup triggered after channel break. Watching for continuation below $36.60 toward $36.00–$35.50. Risk level above $37.10.”
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