Silver Price Forecast: XAG/USD Eyes Further Gains Above Mid-$89.00s

Silver prices are attempting to extend their recovery, with XAG/USD trading comfortably above the mid-$89.00s level during the latest session. The precious metal is building on modest gains as market sentiment stabilizes and investors continue to monitor global economic cues.

The recent upside momentum comes amid a softer tone in the US Dollar and cautious market positioning ahead of key macroeconomic developments. A weaker dollar typically supports silver prices, making the metal more attractive to holders of other currencies.

From a technical perspective, silver remains supported above key short-term moving averages, suggesting buyers are still active on dips. If bullish momentum continues, XAG/USD could target the next resistance zone near the psychological $90.00 level. A sustained move above this barrier may open the door for additional upside in the near term.

On the downside, immediate support is seen around the $88.50–$88.00 region. A break below this zone could trigger some profit-taking and temporarily cap the recovery attempt.

Overall, silver appears poised to build on its recent strength, but traders should remain cautious as broader market sentiment and US economic data releases may drive short-term volatility.$XAG #XAGUSDT实操指南 #XAGRecovery #JaneStreet10AMDump #MarketRebound #AxiomMisconductInvestigation