Silver Hits Resistance at 71.3 as 100-Day MA Near 62 Comes Into Focus

Silver's recovery attempt failed at cloud resistance on the 1-hour chart. A drop below 71.3 could push price toward the 100-day moving average around 62.

⬤ Silver is struggling on the XAG/USD 1-hour chart after its latest bounce got shut down at the Ichimoku cloud. The rejection puts more weight on the downside, especially with price still stuck below short-term resistance levels.

⬤ The chart shows silver couldn't get back above the 50-day moving average, which means that level might now be working against it instead of supporting it. The critical zone sits around 71.3—if price breaks below that, it confirms a lower low and adds more fuel to the downward pressure.

⬤ Once that lower low prints, traders will be watching the rising 100-day moving average near 62 as the next major support. The technical setup is basically saying: forget about a quick recovery—we're probably heading lower first. Any short-term rallies are likely to get knocked back down below the cloud.

⬤ Right now, everything depends on whether support at 71.3 holds or breaks. A move below that level strengthens the bearish case, while holding above it keeps the door open for another recovery attempt down the road.

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Usman Salis E-mail

Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.