Silver Pulls Back towards Key Moving Average Amid Dollar Strength

The silver market is experiencing a pullback towards its 100-day simple moving average (SMA) as of February 14, 2026. This comes after recent gains stalled, signaling a potential shift in short-term momentum for the precious metal.

The move is occurring against a backdrop of a stronger US dollar and rising Treasury yields, which typically pressure non-yielding assets like silver. Market participants are watching whether the 100-day SMA holds as a decisive break could trigger stop-loss orders and accelerate selling.

The immediate support level for XAG/USD is at the 100-day SMA around $30.50, followed by the psychological $30.00 mark. On the upside, resistance is located at the recent swing high of $31.80, with a more significant barrier at $32.50.

The Relative Strength Index (RSI) on the daily chart has slipped below 50, indicating that bearish momentum is building. A sustained move below the 100-day SMA would likely shift the technical outlook to neutral-to-bearish, targeting the 200-day SMA near $29.80.