Silver Consolidates Near Key Support as Gold-Silver Ratio Rises
Silver (XAG) is currently trading at $60.99, showing a slight decline in the latest session. The price remains within a narrow range, holding above its short-term averages but below medium- and long-term trend markers. The gold-silver ratio has risen to 68, indicating a shift in portfolio allocations toward gold amid heightened geopolitical risks and changing investor sentiment.
The demand for silver is comparatively weak, with volatility rising and risk-off flows favoring gold. On the technical front, XAG/USD is positioned above the MA-20 but below the MA-50 and MA-200. The Ichimoku Kijun at $61.01 acts as immediate resistance. Momentum indicators are mixed, with MACD and ADX signaling neutrality, while RSI suggests a buy signal and Bull/Bear Power shows buyer dominance.
Looking ahead, silver is expected to trade within a range of $60.46 to $61.64 over the next two to three days, with a 38% probability of an upside move. A break and hold above $61.01 could trigger renewed bullish momentum, while a move below $60.46 would favor a bearish scenario. Analysts note that silver is consolidating in a narrow range due to shifting Federal Reserve policy and geopolitical tensions.
The analysis is based on a proprietary model combining technical, on-chain, and expert data. It is important to note that the information is based on forecasts and does not constitute investment advice or a guarantee of future results.