Silver dips below 200-day MA for first time since April, then bounces
Silver briefly traded below its 200-day moving average for the first time since April 2025, but quickly reversed higher, reclaiming the key technical level.
Silver prices briefly slipped below the 200-day moving average for the first time since April 2025, but quickly reversed higher, reclaiming that key technical level.
The metal has been under heavy selling pressure since breaking below its 100-day moving average on May 15. On Friday, prices fell sharply as the US dollar strengthened, and the selling continued this week, pushing silver to its lowest level since March at $66.17. During the decline, silver briefly traded below the 200-day moving average, a level that had held since April 2025. However, the break was short-lived, and prices bounced back above the moving average.
For currency and commodity traders, the failed break below the 200-day MA is a notable technical event. A sustained move below that level could have opened the door for further declines toward the 61.8% Fibonacci retracement of the rally from the April 2025 low, which sits at $63.98. The quick reversal suggests buyers are defending the level, but the overall trend remains under pressure. Traders can track silver's price action on NowPrice's live dashboard to monitor whether the metal can hold above the moving average or if another test is coming.
Looking ahead, the key levels to watch are the 200-day moving average as support and the 100-day moving average as resistance. A close above the 100-day MA would signal a potential trend reversal, while a break below the 200-day MA on a closing basis could trigger further selling. The US dollar's direction and upcoming economic data will also influence silver's next move.