Silver Price Forecast: XAG/USD bulls await breakout through trend-line hurdle near $57.25

Silver (XAG/USD) sticks to its modest intraday gains during the early European session on Monday and currently trades just below the $57.00 mark, up over 1.50% for the day. The white metal, however, remains within striking distance of its lowest level since December 2025, around the $54.80-$54.75 region touched on Friday, amid a mixed technical setup.

The price action between two converging trend-lines constitutes the formation of a bullish reversal pattern – falling wedge – on the 4-hour chart. However, repeated failures to make it through the 100-period Simple Moving Average (SMA) on the said chart favor the XAG/USD bears. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has turned modestly positive, hinting at a mild recovery attempt. However, the Relative Strength Index (RSI) around 45 still points to only tentative demand after a prior oversold phase

On the topside, initial resistance is located at the reclaimed break area of the descending trend line near $57.24, where prior rallies have been rejected. The subsequent hurdle emerges at the 100-period SMA around $58.98, which reinforces the broader bearish structure. Unless bulls can force a sustained move above these caps, the XAG/USD is likely to remain vulnerable to renewed selling on intraday rebounds, with downside levels to be defined by fresh price action, given the lack of nearby mapped supports in the current dataset.