- Silver (XAG/USD) falls on the third day in a row, following profits, because the premium geopolitical risk is facilitated.
- US President Donald Trump signals a two-week window before he decides to intervene in the US in the crisis of Iran-Iiss.
- The price rises nearly USD 36.00, supported by a 100-speed moving average on a 4-hour chart, the endocrine is 35.51 USD.
Silver (XAG/USD) remains under pressure on the third day in a row on Friday, withdrawing further after US President Donald Trump announced that he would abstain for two weeks before he decides if the US should enter the escalating dispute of Iran -izrael. This break softened part of the geopolitical bonus of risk, which recently fueled safe and sound flows to precious metals, which prompted traders to book profits and re -evaluate the position, because investors digest changing geopolitical landscape.
At the time of writing, Silver trades around USD 36.00 in American commercial hours, recovering low after softening from the lowest level of 35.51 USD. Metal has found some support near its 100-speed movable (MA) medium-time on a 4-hour table, which acts as a key pillow for prices in the current withdrawal.
From a technical point of view, Silver began to show signs of weakness in his recent upward trend, suggesting a potential deeper withdrawal when the rush disappears. After enjoying the constant climbing in a neat channel from the beginning of June, the metal fell below the bottom of the channel, signaling that the buyers are losing the handle, at least in the compact period.
Currently, Silver floats slightly above the average walking by around 35.65 USD, which in recent weeks has reliably exerted price drops. This vigorous support will be the first line of defense for bulls.
The relative strength rate (RSI) still drifts lower after flashing of a clear discrepancy of bear, strengthening the signs that the stubborn rush disappears. At the same time, the speed of changes (ROC) slipped into a negative territory, which further confirms that the recent Silver drive has lost a pair up and that the door is now open to a wider repair phase.
Looking to the future, a constant return over a broken channel and a decisive break above USD 36.50 to revive a stubborn shoots and reveal the next resistance of about 37.00 to USD 37.30. On the other hand, if silver does not defend the 100-speed it has slides below 35.50 USD, the metal may be under increased pressure, with the next significant support at USD 35.00, and then 34.50 USD. For now, compact -term prejudice remains carefully tilted to the minus, unless the buyers regain control over USD 36.50 with conviction.
