Silver Continues Rally: XAG/USD Eyes Sustained Strength Past $79.00

WhaleStalker · 2026-01-15T12:05:22+00:00

Silver has seen consecutive gains, reaching a one-week high as traders expect further appreciation. A technical breakout above $78.00 enhances bullish prospects, while indicators suggest cautious optimism amid overbought conditions. Key price levels to watch include support at $78.00 and $74.45.

WhaleStalker

2026-01-15 12:05:22

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Consecutive Day Gains Push Silver Higher

Silver (XAG/USD) is extending its bullish run into a second consecutive session on Tuesday, demonstrating solid buying interest in the precious metal. The white metal has climbed to a fresh one-week peak as the European market opens, with traders positioning for further appreciation if the $79.00 psychological level can be maintained.

Technical Setup Reinforces the Upside Case

The overnight recovery back above the 100-hour Simple Moving Average marked a pivotal moment for buyers. More significantly, the breakout past the $78.00 horizontal resistance on Tuesday’s session has cleared a key technical obstacle. These moves suggest the technical framework is aligning favorably for continued gains in XAG/USD.

Indicator momentum appears constructive from multiple angles. The MACD shows the signal line positioned below the main line with positive histogram expansion, signaling strengthening bullish conviction. However, the RSI reading at 71.20 has ventured into overbought territory (above 70), which typically warns that prices may be stretching too far too fast.

Price Levels to Monitor

If silver faces a pullback, the $78.00 breakpoint would likely provide the initial floor for buyers. Should the correction deepen, the 100-hour SMA at $74.45 sits as a secondary support zone. The opening level near $76.33 could serve as a relief point that helps ease overbought conditions while preserving the overall bullish structure.

What Traders Should Watch

The rising short-term moving average keeps the directional bias tilted toward higher prices, and as long as XAG/USD holds above this dynamic support, dips should attract fresh buying. Continuation of the positive MACD momentum with a widening histogram would support an extension of the current uptrend beyond the $79.00 target. Conversely, any meaningful loss of momentum would likely need to work back toward the identified support zones to reset conditions for another leg higher.

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