Silver Price Forecast: XAG/USD consolidates below 100-Day SMA as momentum fades Silver prices remain bound in a tight range on Monday following a sharp 4.11% drop at the end of last week. Technical indicators show fading bullish momentum as XAG/USD slips below its 100-day Simple Moving Average amid shifting expectations around Federal Reserve rate hikes. Silver traded within a subdued range on Monday, attempting to steady itself following Friday's sharp 4.11% decline. The precious metal is currently digesting recent macroeconomic shifts while traders carefully monitor key technical thresholds. Technical Indicators Point to Fading Momentum From a technical standpoint, the latest downward push has caused XAG/USD to slip beneath its 100-day Simple Moving Average (SMA), tilting the near-term directional bias toward a more cautious or bearish stance. However, the metal continues to hold its ground above the 50-day SMA at $61 and a crucial Fibonacci support band ranging between $60.97 for the 61.8% retracement and $64.79 for the 38.2% level. The Relative Strength Index (RSI) on the daily timeframe sits at 53, remaining inside neutral territory after retreating from levels above 60. This easing suggests that bullish momentum is gradually losing steam. Concurrently, the Moving Average Convergence Divergence (MACD) indicator hovers flatly near the zero line, pointing toward an extended phase of consolidation before the next decisive breakout. Key Support and Demand Zones Should the downward pressure persist, immediate support is established at the 38.2% Fibonacci retracement level of $64.79. Deeper demand pockets are located at the 50% retracement level of $62.88 and the 61.8% retracement level at $60.97, with the 50-day SMA at $61 acting as a robust safety net during extended pullbacks. Macro Factors and Currency Markets Broader macroeconomic sentiment has been heavily influenced by comments regarding inflation, which initially propelled the US Dollar to multi-week highs and pushed the Dollar Index (DXY) as high as 99.72 as markets repriced September rate expectations. The CME FedWatch Tool indicates a 65% probability of a 25-basis-point rate hike at the upcoming Federal Reserve meeting. Despite that initial surge, the Greenback retraced a significant portion of those gains, with the DXY trading near 99.44 during Monday's session. Other major currency pairs and asset classes are reacting similarly to shifting dollar dynamics. The GBP/USD pair recovered a portion of its recent three-day retracement, hovering near the 1.3550 region as downward pressure on the Greenback aids risk-correlated assets. Meanwhile, EUR/USD surpassed the key 1.1600 hurdle as selling momentum against the dollar picked up pace. Gold extended some of its Friday losses, though it successfully bounced off earlier lows beneath the $4,400 per troy ounce threshold. Despite a softer dollar and ongoing geopolitical tensions in the Middle East, rising yields have kept aggressive buyers at bay. In the digital asset space, Bitcoin maintained resilience above $78,000 with sights set on $80,000, Ethereum held steady above $2,400, and Ripple showed early recovery signs near $1.37. Energy markets present a stark divergence in refined products, as the US diesel crack spread recently surged past $100 per barrel for the first time, notching an intraday record high just above $102.00 even as crude oil markets appeared relatively calm. What this means for you Fluctuations in silver and precious metals directly impact retail buyers, bullion investors, and active traders managing risk exposure. • Across Global Markets: Investors should closely monitor key technical support levels, as shifting macroeconomic data and Federal Reserve policy expectations can trigger sudden volatility. • For Retail Buyers: Domestic bullion prices track international spot movements, meaning retail buyers should evaluate market trends carefully before making large purchases. • For Currency Traders: Forex participants must factor in the ongoing movements of the US Dollar Index and upcoming central bank rate decisions. • Risk Management: Market participants should conduct thorough research and apply strict risk management, as open-market instruments carry substantial downside risks. Questions & Answers 1. How did silver trade on Monday following Friday's drop? Silver traded in a narrow, consolidated range on Monday following Friday's sharp 4.11% decline. 2. Which key moving average did XAG/USD slip below? XAG/USD slipped below its 100-day Simple Moving Average, tilting the near-term bias bearish. 3. What is the current RSI level for silver on the daily chart? The RSI on the daily chart sits at 53, remaining in neutral territory after easing from above 60. 4. What probability does the CME FedWatch Tool show for a September rate hike? The CME FedWatch Tool shows a 65% probability of a 25-basis-point increase at the September meeting. 5. Where is the immediate downside support located for silver? Immediate support is seen at the 38.2% Fibonacci retracement level at $64.79. https://trendkia.com/en/market/chandi-ki-kimaton-men-susti-100-dina-ke-sma-ke-niche-karobara-kara-raha-xag-usd-25375 TrendKia — Har trend, sabse pehle.