Last Updated on June 20, 2026 by Deon
Silver Prices Keep Going Down Below Important Technical Support
Silver prices were sold a lot on Thursday with the price of Silver or XAG/USD going down below its 200-day Simple Moving Average. This is a level that traders and investors watch very closely. This move shows that people are becoming more bearish which means they think Silver prices will go down more in the near future. The price of Silver had a time getting people to buy it even though the market is very uncertain right now. This is because the US Dollar is getting stronger and people are waiting to see what the Federal Reserve will do with its policies. These things are making people less interested in buying Silver.
The 200-Day SMA Breakdown Is A Sign For Silver
When the price of Silver goes down below its 200-day Simple Moving Average it is a big deal. This indicator usually shows whether the market is bullish or bearish. When the price goes down below it traders think it means the price will keep going down. Now that Silver is trading below this support zone it looks like sellers are in control. This makes it more likely that the price of Silver will go down more.
Bears Are Looking At The Next Support Levels
Technical analysts are watching the support areas near Silver to see where it will go next. If people keep selling the price of Silver might go down to around $61, which’s a key level for bearish traders. If the price of Silver goes down below this support level it could lose more value.. If it tries to recover it will have to go back up above the 200-day Simple Moving Average to make the short-term outlook better.
People Are Still Waiting To See What The Federal Reserve Will Do
Traders are still trying to figure out what will happen with US interest rates. They think the Federal Reserve might keep interest rates high which would make Treasury yields and the US Dollar go up. This would make Silver less attractive to buy. Because of this precious metals like Silver are having a time gaining momentum even though there is a lot of uncertainty in the economy and geopolitics.
What Traders Are Watching Next
Traders will be paying attention to:
Upcoming US economic data releases
Federal Reserve policy signals
US Dollar and Treasury yield movements
Key technical support and resistance levels
These things will help decide whether Silver prices will stabilize or keep going down.
Silver going down below its 200-day Simple Moving Average is a change in how people feel about the market. It makes people focus on the risks. Unless buyers can take control and push the price of Silver up above the important technical resistance the near-term outlook is cautious. Bears are targeting support levels in the next few sessions. Silver prices will likely keep going down unless something changes. Silver is still, under pressure.
