## Silver Rebounds Past $79: Technical Indicators Signal Further Upside Potential for XAG/USD

Silver (XAG/USD) continues its rally from the previous session, capturing investor attention with sustained upward momentum through the second trading day. The white metal has reached weekly highs as it approaches the psychological $79.00 level, with market participants positioning for potential breakouts in the near term.

### Technical Landscape Favors the Bulls

The price action reveals a constructive setup for buyers. A critical juncture occurred when XAG/USD cleared the $78.00 hurdle during intraday trading, signaling renewed conviction among bulls. This breakthrough coincided with price reclaiming above the 100-hour Simple Moving Average, establishing a framework for extended gains.

Momentum indicators paint an encouraging picture. The MACD line remains positioned above its Signal line in positive territory, with the histogram expanding—a textbook confirmation of strengthening bullish pressure. However, traders should note that the RSI (14) has climbed to 71.20, entering overbought readings that could cap near-term rallies.

### Support Levels and Risk Management

The uptrend remains intact as long as Silver maintains position above the 100-hour SMA. Should corrective pressure emerge, the $78.00 breakpoint could act as an initial floor, having already proven its significance. Deeper pullbacks targeting the $76.33 opening level would help alleviate stretched momentum conditions and restore a more balanced technical picture.

For longer-term support, the 100-hour SMA sits at $74.45, providing dynamic backstop for the USD Silver pair. A retreat toward this level would offer an opportunity for overbought pressure to normalize while preserving the broader bullish trajectory.

### What's Next for XAG/USD

The immediate narrative hinges on whether Silver can overcome the psychological barrier at $79.00. With the rising moving average underpinning sentiment and positive MACD momentum expanding, pullbacks should remain controlled. Sustained trade above key moving averages would validate continued strength in the white metal's USD-denominated pricing.