XAG/USD Rally Extends as Silver in USD Targets Fresh Highs Past $79.00

Silver in USD continues to show impressive strength, chalking up a second consecutive day of gains on Tuesday as the white metal approaches one-week highs. The pair’s recent movement signals that buyers remain firmly in control, with attention now focused on whether the momentum can be sustained beyond the key $79.00 psychological level.

Technical Indicators Paint a Bullish Picture

The current technical setup strongly supports further upside potential for XAG/USD. The Relative Strength Index (RSI) is currently reading 71.20, indicating overbought conditions that could potentially limit near-term upswings. However, this elevated reading also demonstrates the strength of the current buying interest in silver in USD.

More encouragingly, the Moving Average Convergence Divergence (MACD) is trading above its Signal line with positive momentum clearly evident. The widening histogram reinforces this bullish narrative, suggesting that sellers have temporarily ceded control to the bulls.

Key Price Levels to Watch

The overnight bounce above the 100-hour Simple Moving Average, combined with Tuesday’s decisive break through $78.00, has established a solid foundation for further advancement. Should any pullback materialize, the $78.00 level—now functioning as a support zone—would be the first meaningful buying opportunity for traders seeking to rejoin the uptrend.

Price action above the 100-hour SMA keeps the intermediate bias tilted favorably toward the upside. A potential dip toward the day’s opening level around $76.33 could help ease overbought pressure and provide a healthier entry point while preserving bullish structure.

The 100-hour SMA itself, positioned at $74.45, represents additional dynamic support should sellers test lower levels. Pullbacks that find buying interest above this moving average would maintain the integrity of the current uptrend in silver in USD.

What’s Next for Silver in USD?

As long as the white metal remains underpinned by the 100-hour SMA, the risk remains skewed toward continued higher prices. Traders watching for a fresh extension of the rally should monitor whether XAG/USD can decisively overcome the $79.00 barrier, as a sustained break above this level could open the door to further appreciation for silver in USD in coming sessions.