XAG/USD Silver Price Rally Extends With Technical Setup Supporting Upside Beyond $79.00

VitaliksTwin · 2026-01-15T12:56:41+00:00

Silver prices are showing bullish momentum, with the XAG/USD pair hitting a fresh weekly high. Technical indicators suggest further appreciation, supported by strong MACD signals, while the rising 100-hour SMA acts as a dynamic support level. Key resistance is near $79.00.

VitaliksTwin

2026-01-15 12:56:41

Abstract generation in progress

Silver price news shows the precious metal maintaining bullish momentum into the early European trading session on Tuesday. The XAG/USD pair has secured a second consecutive session of strength, establishing a fresh weekly peak while buyers continue to press higher.

Technical Framework Favoring Further Silver Appreciation

The current technical setup presents a constructive landscape for silver price appreciation. The breakout above the $78.00 technical barrier achieved during Tuesday’s session combines with the price action closing back above the 100-hour Simple Moving Average to create meaningful buying signals. This alignment of technical levels suggests the path of least resistance remains directed toward higher levels.

Momentum Indicators Reveal Strengthening Conviction

The MACD indicator displays a positive configuration with the moving average line positioned above its Signal line component. The histogram expansion reinforces this bullish positioning, though traders should note the RSI (14) has climbed to 71.20, entering overbought territory. This stretched momentum reading could restrain immediate upside advances until some consolidation transpires.

Support and Resistance Framework

The rising 100-hour Simple Moving Average maintains an upward trajectory, serving as a dynamic floor for price action. Buyers defending positions above this moving average would support the continuation of higher valuations. Should silver experience a pullback from current levels, the $76.33 region—representing the Tuesday open—could provide an intermediate relief zone. The longer-term 100-hour SMA support sits lower at $74.45, offering additional defense against deeper corrective moves.

Market Outlook

The combination of positive MACD momentum alongside an expanding histogram suggests sustained conviction behind the upside. The $79.00 psychological level represents the immediate target for silver price bulls, with the technical structure supporting continued appreciation provided price holds above key moving average support.

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