XAG/USD don fall to $66.50 under di 100-day SMA
Silver (XAG/USD) dey under renewed bearish pressure after e slip reach $66.50. Di latest move add to earlier weakness wey happen below di 50-day SMA, showing say downside momentum still dey as price remain capped by di 100-day SMA.
Key levels matter for XAG/USD. $66.50 na di daily pivot. Di 100-day SMA dey near $67.20 and e still dey limit rebounds. Up top, resistance dey di 100-day SMA then around di $68.00 psychological level. If price break below $66.50, e fit likely move toward di $65.00 support zone.
Momentum mixed: RSI near oversold, fit trigger short-lived technical bounce. But di bigger structure still bearish until XAG/USD close properly above di 100-day SMA.
Macro and positioning still be headwinds. Strong US dollar and higher-for-longer real rates dey weigh down non-yielding assets like silver. Industrial demand steady but cautious, and speculative positioning don cool (COT/options data show less net-long exposure compared to recent highs). For durable reversal, you go need catalyst like weaker USD dynamics, more dovish central-bank talk, or stronger physical investment demand.
For traders, di plan na level-driven: watch $66.50 for either breakdown wey go accelerate toward $65.00 or reclaim of di 100-day SMA to improve reversal odds.
Bearish
XAG/USD still dey under key trend filters (first na 50-day SMA for the earlier article, now na 100-day SMA), and the new update show say the price don break down around the daily pivot for $66.50. Even though RSI dey near oversold (fit bounce), the article dey emphasize say to get any credible trend change you need make dem sustain reclaim the 100-day SMA. Macro drivers — strong USD and higher-for-longer real rates — plus cooled speculative positioning keep the main bias to sell. That combination mean say more downside risk dey for short term and na higher bar for bulls to regain control for medium term.