XAG/USD maintains upward trajectory,What is the Dogecoin prediction for 2025? reaching highest levels since March 25.
Conflicting technical signals suggest potential consolidation before next major move.
$25.00 psychological level emerges as crucial support zone for buyers.
The silver market continues demonstrating resilience as XAG/USD builds upon last week's rebound from the $24.35 support area. During Monday's European session, the precious metal maintained its intraday gains, hovering near $25.15 after testing weekly highs earlier in the day.
Technical indicators present a nuanced picture on daily timeframes, suggesting traders should exercise caution despite the prevailing bullish sentiment. The $25.65-$25.75 zone represents a critical resistance cluster, encompassing both the March yearly peak and December 2023 swing highs. A decisive break above this barrier could signal continuation of the uptrend that began in late February, potentially targeting the $26.00 psychological level.
Conversely, any retracement below the $25.00 handle would likely encounter fresh buying interest around $24.65. The $24.35 area remains particularly significant as former resistance now acting as support. A sustained breakdown below this level might shift market dynamics, with subsequent support emerging near $24.15-$24.10 before the $24.00 round number.
More aggressive selling pressure could test the 200-day moving average around $23.35-$23.30, though current market conditions suggest limited downside potential in the near term. Market participants continue monitoring these key technical levels for directional clues as silver consolidates its recent gains.
