Silver Price Forecast: Bearish trend persists despite XAG/USD regaining $50 as Oil slides - www.tmgm.com

AI desk brief

Silver rebounded 3.8% on Monday to around $51/oz after Friday’s drop to a yearly low near $48.47, as a more than 5% slide in oil eased inflation fears and दबushed U.S. yields and the dollar lower. Near term, the move looks driven more by falling energy prices and rate expectations than by a clean trend reversal, and the article still flags a bearish daily setup with XAG/USD below the 21-day SMA at $56, the 100-day at $61 and the 200-day at $70.

Momentum is improving from oversold levels, but the downtrend remains intact: RSI is around 31, ADX is near 42 and MACD stays below zero. Immediate resistance is seen at $52 and $55, while support sits near Friday’s low around $48.87; a break lower would expose further downside, though oversold conditions could trigger short-covering on another test of the lows.