Silver Price Analysis: Doji caps rally at $81, risks tilt lower

Silver (XAG/USD) loses 0.30% on Thursday, failing to clear a key resistance at $81.00 as the Greenback stages a comeback. At the time of writing, XAG/USD trades at $78.73 after hitting a daily high of $80.86.

XAG/USD Price Analysis: Technical Outlook

Silver registered a lower high and a lower low on Thursday, registering back-to-back doji candles, hinting at traders’ indecision of pushing prices higher. Momentum-wise, the Relative Strength Index (RSI) is bullish but has turned flat, an indication of consolidation.

For a bullish continuation, a decisive break above $81.00 is needed, allowing buyers to challenge the 2025 high at $83.75, followed by March’s 10-cycle high at $90.01. On further strength, bulls can test the March 2 peak at $96.39 ahead of the $100 mark.

On the other hand, if XAG/USD slides below the 100-day Simple Moving Average (SMA) of $76.94, expect a drop towards the 20-day SMA at $73.36, before the psychological $70.00 figure.

XAG/USD Price Chart – Daily