Silver falls below $54, hits fresh 2025 low
Silver (XAG/USD) dropped below $54.00 on Friday, its weakest level since November 2025, as the metal heads for a second straight weekly decline.
The slide extends a downtrend that has run for roughly two months. Silver is trading well under its 200-day Simple Moving Average, and repeated attempts this week to push back above $58.00 — a level tied to the 38.2% Fibonacci retracement of the May-July decline — have failed.
Momentum indicators point the same way. The Moving Average Convergence Divergence (MACD) reading sits at -0.34, below the zero line, consistent with continued selling pressure. The Relative Strength Index (RSI) is near 31.5, close to oversold territory, which can signal that the drop is losing some of its force even if the broader trend stays negative.
Near-term resistance is seen around $55.50, with $58.00 as the next barrier above that. Further up, levels near $60.00, the $61.50-$61.55 zone and the 23.6% Fibonacci mark around $63.00 would need to be cleared for the recovery picture to improve meaningfully.
Why it matters: Silver’s slump below $54.00 reflects broader pressure on precious metals, often linked to shifts in the US dollar and interest-rate expectations. A sustained break lower could weigh on sentiment toward gold (XAU/USD) and other metals that trade on similar safe-haven and rate-sensitive dynamics.
Source: FXStreet