Silver Market Maintains Bullish Bias on June 17, 2025
Silver (XAG/USD) continues to attract attention from traders and investors as it hovers above the key $36.00 support zone. Despite some consolidation in recent sessions, the metal maintains a bullish undertone as market participants weigh upcoming U.S. Federal Reserve commentary and broader macroeconomic trends.
As technical momentum stabilizes, and buyers hold the line above $36.00, silver may be gearing up for a renewed push higher. Let’s break down the full intraday outlook, price targets, and strategy.
Intraday Technical Setup – June 17, 2025
- Pivot Level: $36.00
- RSI Indicator: Neutral to mildly bullish (hovering near 50)
🔵 Preferred Scenario – Long Positions
- Entry Zone: Above $36.00
- Target 1: $36.60
- Target 2: $36.80
🔴 Alternative Scenario – Short Positions
- Entry Zone: Below $36.00
- Target 1: $35.85
- Target 2: $35.65
RSI Analysis & Momentum Insights
The RSI (Relative Strength Index) sits close to its neutral level of 50, reflecting a lack of immediate directional conviction. However, the absence of aggressive selling pressure suggests bulls remain in control for now.
If the RSI ticks upward past 55 alongside price action above $36.00, it may confirm bullish momentum. A dip below 50, however, would warn of a possible correction toward the lower support zones.
Key Support and Resistance Levels
Support Areas:
- First Support: $35.85
- Strong Support: $35.65
Resistance Levels:
- Initial Hurdle: $36.60
- Major Resistance: $36.80
The $36.00 level remains the battle line between bulls and bears. As long as the price stays above this psychological level, upward potential remains intact.
Price Action & Moving Averages (MA)
- Silver is trading above its 50-period and 20-period moving averages on the 1H and 4H timeframes – a bullish technical sign.
- Recent candlestick patterns show buying interest on dips, especially near the $36.00 area.
- Look for bullish engulfing or hammer candles above $36.05 for strong confirmation of further upside.
Fundamental Factors Influencing Silver Today
- U.S. Federal Reserve Expectations:
Hawkish or dovish tones from Fed speakers today could move the dollar and, by extension, silver prices. - Geopolitical Risk Premium:
Ongoing tensions in Eastern Europe and the Middle East are keeping precious metals supported due to safe-haven demand. - Inflation Data & Real Yields:
Sticky inflation and subdued real yields continue to favor non-yielding assets like silver. - Physical Demand Trends:
Robust industrial and jewelry demand, especially from China and India, adds underlying support.
Trading Strategy Tips for June 17
- Wait for Breakout: Enter long on clear breakout above $36.60 with volume confirmation.
- Use Stop-Loss Wisely: Consider setting stops just below $35.90 to protect from sudden reversals.
- Watch the RSI: RSI rising above 55 could be your green light for higher upside.
- Use Fibonacci Extensions: For those seeking advanced entry/exit levels, consider 36.95 and 37.10 as extended bullish targets.
Frequently Asked Questions (FAQs)
Q1: What is the pivot level for silver on June 17, 2025?
A1: The key pivot level is $36.00.
Q2: Is silver bullish or bearish today?
A2: Silver is currently bullish above the $36.00 support zone.
Q3: What are the short-term bullish targets?
A3: $36.60 and $36.80 are the primary upside targets.
Q4: What would invalidate the bullish setup?
A4: A breakdown below $36.00 could trigger a pullback toward $35.85 and $35.65.
Q5: Is silver reacting to economic news today?
A5: Yes, Fed speeches and U.S. inflation data may cause volatility in silver prices.
Q6: What technical indicators are used for this analysis?
A6: RSI, pivot points, candlestick patterns, and moving averages.
Q7: What chart timeframes are best for intraday silver analysis?
A7: 1-hour and 4-hour timeframes provide the clearest trading signals.
Q8: Should traders wait for confirmation before entering?
A8: Yes, confirmation via RSI or price action near $36.00–$36.05 is recommended.
⚠️ Disclaimer:
This silver price forecast is intended for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any security or commodity. Trading involves risk, and you should consult a financial advisor before making any trading decisions. Pipsinfo.com and its team are not responsible for any losses incurred.
