Silver (XAG) Tests Key Support Levels as RSI Signals Oversold Conditions

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2026-05-18 21:28:02

BTCCSquare news:

Silver prices extended their decline after failing to sustain a recent rally, with XAG now testing critical technical support levels. The metal's pullback has pushed momentum indicators into oversold territory, suggesting potential for a short-term rebound.

Technical analyst Kamile Uray highlights $70.783 as a crucial support level, noting that holding above this zone could trigger profit-taking by short sellers. However, any recovery faces immediate resistance near $90, with failure to breach this level potentially leading to further downside.

The $66-$60 range emerges as a significant demand zone, where buyers previously entered the market. Elliott Wave analysis suggests the current selloff represents the downward phase of a larger market structure, indicating caution for traders.

By:

Log in to Reply

Seagate Stock Slides 7% as CEO Rejects Factory Expansion for Tech Transition

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.