Silver fell after failing to break the 50-day SMA at $78.73, with price action influenced by geopolitical news. XAG\/USD traded at $75.40, down 3%, and the daily chart showed a bearish engulfing pattern.<\/p>\n
Support was near the 20-day SMA at $75.28, while the $75.00 level was in focus on the downside. The move also came after price dropped through Fibonacci levels that had helped define the short-term trend.<\/p>\n
On the hourly chart, silver tested the 61.8% Fibonacci retracement from $78.38 to $74.19, then extended losses beyond the 38.2% level. Further weakness below $75.00 and the day\u2019s low could open the April 13 low at $73.57 and the week\u2019s low at $72.61.<\/p>\n
Silver prices can be affected by geopolitics, recession concerns, interest rates, and shifts in the US Dollar because XAG\/USD is dollar-priced. Demand from electronics and solar, supply, recycling, and the Gold\/Silver ratio can also influence moves.<\/p>\n
The price of silver has pulled back sharply after failing to break through resistance at the 50-day moving average, which currently sits around $32.50. This rejection has formed a classic bearish-engulfing pattern on the daily chart, a signal that suggests further losses may be coming in the near term. We are now seeing the price consolidate around $31.50 as sellers appear to have gained control.<\/p>\n
For traders, the immediate focus should be on the support level at the 20-day moving average near $31.20, followed by the key psychological mark of $31.00. A decisive break below these levels would confirm the downtrend and could open the door for a drop toward the early April lows around $30.50. Options traders might consider buying puts or establishing bear put spreads to capitalize on this potential downward move.<\/p>\n
This price weakness is occurring alongside signs of a slowing industrial sector, as the latest global manufacturing PMI data for March 2026 showed a slight dip to 49.8. Given that industrial use in electronics and solar panels accounts for over 50% of silver demand, any economic slowdown poses a significant headwind. We saw a similar pattern in late 2025 when softening industrial orders led to a temporary but sharp correction in the silver price.<\/p>\n
Furthermore, recent commentary from Federal Reserve officials has been unexpectedly hawkish, pushing the US Dollar Index back above 105.5. A stronger dollar makes silver more expensive for holders of other currencies, which typically suppresses its price. This is a dynamic we remember well from periods in 2025 when uncertainty over the path of interest rates kept silver’s advances in check.<\/p>\n
We are also watching the gold-silver ratio, which has climbed back to 85, a level higher than its historical average. This indicates that in the current market, investors are favoring the relative safety of gold over silver. While this could suggest silver is undervalued in the long run, for the coming weeks it signals that momentum has shifted away from the white metal.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Silver slid 3% after failing 50-day SMA, forming bearish engulfing; support near $75, risks extend lower.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-45764","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45764","targetHints":{"allow":["GET","POST","PUT","PATCH","DELETE"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=45764"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45764\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=45764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=45764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=45764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}