Usman Salis
⬤ Silver's been on a solid run this week, with XAGUSD moving toward the $54.5 resistance while staying comfortably above $50. The metal's showing way more upside potential than gold at the moment, backed by a clean upward structure that's been holding for months. Price has been riding a rising channel with higher lows forming consistently along the way.
⬤ Several technical factors are supporting silver's strength here. The ascending channel boundaries and the $44.5 trendline have been doing their job during pullbacks. XAG stayed above the 200-day moving average throughout this advance, which tells you bullish pressure isn't going anywhere. Recent sessions show buyers stepping in at the rising trendline and pushing price up toward that $54.5 resistance, following some smaller consolidations and fresh upward moves. This pattern shows real confidence and steady demand for silver both as a commodity and financial asset.
⬤ Silver's outperformance against gold adds another layer to what's happening. While gold's been moving more cautiously, silver's delivered sharper gains, supported by industrial demand and positive market sentiment. The price structure suggests silver's locked into its medium-term uptrend, with repeated bounces from support showing buyers keep showing up.
⬤ The move is worth watching because it highlights growing strength in the metals sector while broader markets adjust to changing economic conditions. XAG holding above $50 shows resilience despite macro uncertainty, and the push toward $54.5 reflects genuine momentum. If this trend keeps going, silver could strengthen the case for expanding opportunities in commodities, potentially shifting sentiment across related assets.
Usman Salis
