Silver Price Forecast – June 9, 2025: Bullish Bias Above $35.79 Holds
Silver (XAG/USD), often dubbed “the poor man’s gold,” is showing bullish strength at the start of the week, holding firm above the key intraday pivot level of $35.79. Despite ongoing consolidation in recent sessions, today’s technical landscape suggests that silver may be poised for an upward breakout—should support levels continue to hold.
In this detailed forecast for June 9, 2025, we break down the key technical levels, preferred trade setups, market indicators, and both bullish and bearish scenarios. This guide is designed for day traders, swing traders, and investors looking for clarity in volatile metals markets.
Key Intraday Technical Levels for Silver (XAG/USD)
- Pivot Point (Intraday): $35.79
- Support Levels: $35.55 and $35.30
- Resistance Levels: $36.15 and $36.33
- Trend Bias: Bullish above pivot
- Technical Outlook: Consolidation with upside potential
Preferred Trading Strategy (Bullish Setup)
As long as silver trades above $35.79, the short-term technical bias remains bullish. Traders may consider long positions with price targets at:
- 🎯 Target 1: $36.15
- 🎯 Target 2: $36.33 (extended resistance level)
This setup is supported by a gradual uptick in momentum indicators, including RSI holding above 50, and moving averages aligning in a bullish formation on short timeframes.
Alternative Scenario: Downside Risk Below Pivot
If the price drops below $35.79, the bullish thesis may be invalidated. A downside break could expose silver to selling pressure toward:
- ⚠️ Support 1: $35.55
- ⚠️ Support 2: $35.30
This bearish scenario would reflect a deeper consolidation or corrective move, possibly triggered by stronger U.S. dollar strength or hawkish Fed commentary.
Technical Indicator Review
🔸 RSI (Relative Strength Index)
- Current Status: Above 50
- Signal: Mild bullish bias, room for upside if momentum increases
🔸 MACD (Moving Average Convergence Divergence)
- Current Status: MACD line above signal line
- Signal: Early signs of bullish continuation
🔸 Bollinger Bands
- Current Status: Tightening bands
- Signal: Imminent volatility—watch for breakout opportunities
🔸 Volume Trend
- Moderate increase during upward price movement, signaling buyer interest at support levels.
Market Sentiment and Fundamental Backdrop
🔹 U.S. Dollar Index (DXY)
A relatively neutral U.S. dollar is allowing silver to consolidate without excessive downside pressure. A weaker dollar could further fuel the next leg up in silver.
🔹 Inflation and Interest Rate Expectations
Silver, often used as both an industrial and monetary metal, is sensitive to inflation expectations. With inflation appearing to moderate, silver’s industrial demand outlook becomes more important for price support.
🔹 Global Manufacturing Data
Recent PMI data from major economies shows slight improvement—bullish for industrial demand metals like silver.
Weekly Outlook: Will Silver Break Higher?
While consolidation continues, technical indicators suggest silver could break higher—especially if $36.15 is breached convincingly. Traders should keep an eye on macroeconomic data releases later this week, such as U.S. CPI and PPI figures, for volatility triggers.
Weekly Summary Table:
| Indicator | Status | Implication |
|---|---|---|
| RSI | Above 50 | Bullish continuation possible |
| MACD | Bullish crossover | Positive momentum |
| Volume | Moderate | Steady buying interest |
| Pivot Level | $35.79 | Critical intraday support |
| Resistance | $36.15 / $36.33 | Breakout targets |
Silver Trading Tips for June 9, 2025
- Watch for a daily close above $36.15 to confirm bullish continuation.
- Use tight stop-loss just below $35.79 when going long.
- Monitor U.S. dollar movements and economic data releases.
- If silver breaks below $35.79, wait for confirmation before entering short.
- Consider using RSI + MACD confluence for better entry/exit timing.
Frequently Asked Questions (FAQs)
1. What is the current silver price forecast for June 9, 2025?
The outlook is bullish above $35.79, with targets set at $36.15 and $36.33 for intraday trades.
2. Should I go long or short on silver today?
As long as silver stays above the $35.79 pivot, long positions are preferred. A break below this level would shift sentiment bearish.
3. What could trigger a silver breakout above $36.33?
Breakouts may be driven by weaker dollar performance, strong industrial demand, or a rally in other precious metals like gold and platinum.
4. Is the silver market consolidating?
Yes. While current price action is consolidative, indicators suggest a bullish breakout is possible, particularly if resistance levels are breached.
5. What are the key resistance and support levels to watch today?
- Resistance: $36.15 and $36.33
- Support: $35.55 and $35.30
6. Is silver a good hedge against inflation in 2025?
Silver remains a moderate hedge, although its performance depends heavily on industrial demand and macroeconomic conditions alongside inflation trends.
Disclaimer
This article is intended for informational and educational purposes only and does not constitute investment advice. Trading silver, gold, and other commodities involves substantial risk and may not be suitable for all investors. Always conduct your own research and consult a licensed financial advisor before making investment decisions. Past performance is not indicative of future results.
