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Silver price could aim for the upper boundary of the ascending channel near $33.50

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Silver price could aim for the upper boundary of the ascending channel near $33.50.The 14-day RSI holding at the 50 mark reinforces the ongoing bullish bias. Immediate support is seen at the 50-day EMA around $32.21.

Silver (XAG/USD) remains a critical commodity in global markets, influenced by both macroeconomic factors and technical patterns. As of April 15, 2025, silver prices are trading at approximately $32.30 per troy ounce, maintaining strength for the fifth consecutive session. This report provides an in-depth analysis of silver’s price trends, focusing on its ascending channel pattern and key technical indicators.

Silver is currently trading around $32.30, supported by its position above both the nine-day and 50-day EMAs. This indicates robust short-term momentum in favor of a bullish trend.

  • Immediate Support: The 50-day EMA at $32.21 serves as a crucial support level. A breach below this point could weaken short-term momentum15.
  • Secondary Support: The nine-day EMA near $31.90 offers additional support2.
  • Major Support: A significant downside risk lies at $31.50, followed by the seven-month low at $28.00 recorded on April 7
  • Immediate Resistance: The upper boundary of the ascending channel near $33.50 represents the next upside target.
  • Extended Resistance: A break above $33.50 could pave the way for testing the six-month high of $34.59 last seen on March 28, with further potential to reach $35—a psychological level last observed in 2012

The 14-day RSI is holding steady at the 50 mark, reinforcing bullish bias without entering overbought territory. This suggests that silver’s upward trajectory remains sustainable in the near term.

If XAG/USD decisively breaks above $33.50, it could target $34.59 and potentially extend gains toward $35—a level not seen since 2012. Such a rally would likely attract momentum traders and reinforce bullish sentiment. Failure to hold above immediate support at $32.21 may result in a pullback toward $31.90 or even deeper declines to $31.50 or $28.00, depending on broader market conditions

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Mohar Fine Jewels x Gemfields : From Florals To Geometry, Coloured Gemstones Take New Forms

The Latest Collection Pairs Gemfields’ Zambian Emeralds and Mozambican Rubies With Mohar Fine Jewels’ Craftsmanship Across Bold, Floral and Contemporary Designs. 

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With a three-generation legacy in fine jewellery, Mohar Fine Jewels has built its expertise around natural gemstones, with emeralds being a particular focus for the family. The latest additions to the partnership with Gemfields bring together Zambian emeralds and Mozambican rubies across individual designs that play with floral forms, geometric silhouettes and statement proportions.

The new pieces look at coloured gemstone jewellery through a more expressive lens, with the gemstones often taking centre stage rather than being treated as accents. The Ruby Droplet Earrings, for instance, use 33.69cts of Gemfields Mozambican rubies with 4.78cts of diamonds, creating a bold red statement in 18k gold. On the emerald side, the Emerald and Diamond Blooming Studs bring together 18.30cts of Gemfields Zambian emeralds with 4.07cts of diamonds, translating the idea of a bloom into a more defined, sculptural silhouette.

The Emerald and Diamond Earrings make a statement through scale, featuring 51.59cts of Zambian emeralds alongside 8.96cts of diamonds. A more structured take comes through in the Emerald and Diamond Studs, which pair 7.36cts of Zambian emeralds with 0.965cts of diamonds. Meanwhile, the Emerald and Yellow Diamond Studs introduce a contrasting play of colour, centred around a 25.6ct Zambian emerald with 3.09cts of diamonds. The Ruby Blossom Necklace takes the floral inspiration in another direction, using a blooming silhouette to frame the deep red of Mozambican rubies.

Across the pieces, the designs move between statement and more wearable silhouettes, making coloured gemstones the defining element for occasion dressing while bringing together Mohar Fine Jewels’ craftsmanship and Gemfields’ Zambian emeralds and Mozambican rubies.

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