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Silver price could aim for the upper boundary of the ascending channel near $33.50
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:Â 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:Â The nine-day EMA near $31.90 offers additional support2.
- Major Support:Â A significant downside risk lies at $31.50, followed by the seven-month low at $28.00 recorded on April 7
- Immediate Resistance:Â 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
The LVMH-owned jeweler has appointed David Ponzo to the newly created role of Deputy CEO and promoted Thierry Vasseur to Executive VP to spearhead global retail and product strategy.
The LVMH-owned jeweler has appointed David Ponzo to the newly created role of Deputy CEO and promoted Thierry Vasseur to Executive VP to spearhead global retail and product strategy.
Tiffany & Co. has expanded its executive team by appointing David Ponzo as Deputy Chief Executive Officer. Ponzo, who joins from Louis Vuitton where he served as Chief Commercial Officer, will now oversee Tiffany’s global retail operations, corporate commercial organizations, and the high-jewelry product division. He steps into responsibilities previously managed by former CCO Gavin Haig.
In a simultaneous move, the house has promoted Thierry Vasseur to Executive Vice President of Jewelry, High Jewelry, Home, and Accessories. In this expanded capacity, Vasseur will lead the brand’s global product marketing and merchandising strategies, further aligning Tiffany’s creative output with its ambitious commercial goals.
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