Silver (XAG/USD) attracted fresh dip-buying interest near the mid-$64.00 area during the Asian session on Friday, halting the previous day’s modest pullback. The white metal regained upward momentum and climbed back toward the $66.00 round level, remaining within close reach of the all-time high touched earlier this week.
From a technical perspective, XAG/USD once again found solid support at the rising 100-hour Simple Moving Average (SMA), which is currently positioned around $64.75. This dynamic support continues to keep buyers in control, and a sustained hold above this level would help preserve the broader bullish bias. Momentum indicators are also improving, with the Moving Average Convergence Divergence (MACD) histogram turning positive and expanding, suggesting a bullish crossover of the MACD line above the signal line near the zero level.
The 14-hour Relative Strength Index (RSI) stands near 56, reflecting a neutral-to-bullish momentum profile and remaining comfortably below overbought territory. This leaves room for additional gains as long as buying interest persists. However, the daily RSI is signaling overstretched conditions, indicating that some near-term consolidation or a shallow pullback cannot be ruled out before the next leg higher. In this context, the $66.50–$66.55 area may act as an initial resistance zone.
Beyond that, the record high near the $67.00 region represents a key upside barrier and could cap further gains in the near term. A sustained break above this level, however, would be viewed as a fresh bullish trigger and would reinforce the positive short-term outlook for silver.
On the downside, the $65.40–$65.35 zone appears to offer initial support ahead of the $65.00 psychological level. Below that, the 100-hour SMA near $64.75 remains pivotal. A decisive break beneath this support could trigger technical selling pressure and open the door for a deeper corrective move, potentially dragging XAG/USD below $64.00 toward the $63.35 intermediate support, ahead of the $63.00 handle.
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