Silver Price Forecast – June 11, 2025
The silver market opens June 11, 2025, with a technical setup suggesting choppy consolidation below a key resistance at $36.80. Despite recent upward momentum in precious metals due to inflation concerns and weaker global economic data, silver prices are finding it difficult to breach this resistance level.
This article breaks down the technical outlook, key pivot levels, bullish and bearish scenarios, and provides actionable insights for traders.
🔍 Intraday Overview: XAG/USD – Consolidation Under Resistance
- Pivot Point: $36.80
- Current Bias: Bearish/consolidative
- Resistance Levels: $36.80, $36.95, $37.10
- Support Levels: $36.30, $36.15
📊 Technical Analysis
The Relative Strength Index (RSI) is indicating bearish bias as it trades below the neutral 50-level. This suggests a lack of bullish momentum in the short term.
The price structure over the past few sessions has reflected sideways movement with lower highs, pointing to a range-bound behavior.
- Key Resistance at $36.80 has acted as a price ceiling, limiting bullish breakouts.
- Immediate Support lies at $36.30, followed by stronger demand near $36.15.
The market is likely to remain in consolidation unless a significant catalyst pushes prices out of this range.
Preferred Scenario: Short Positions Below $36.80
As long as the price remains below the pivot of $36.80, traders should expect:
- First target at $36.30
- Extension target at $36.15
This setup suits short-term scalpers and swing traders looking to capitalize on range-bound moves.
Strategy Summary:
- Entry: Below $36.80
- Take Profit (TP1): $36.30
- Take Profit (TP2): $36.15
- Stop Loss (SL): Above $36.80 (suggested around $36.90)
Alternative Scenario: Bullish Momentum Above $36.80
A confirmed breakout above $36.80 would invalidate the current bearish bias, opening up further upside toward:
- First upside target: $36.95
- Extended bullish target: $37.10
This would require strong volume and a shift in RSI above the neutral zone.
Strategy Summary:
- Entry: Above $36.80
- Take Profit (TP1): $36.95
- Take Profit (TP2): $37.10
- Stop Loss (SL): Below $36.70
Market Sentiment & Fundamental Backdrop
Several macroeconomic factors are influencing silver prices:
- Inflation pressures globally have sparked interest in precious metals as a hedge.
- However, lack of industrial demand rebound has weighed on silver, which has both monetary and industrial utility.
- The U.S. dollar remains mixed, offering little directional support for metals.
- Central bank policies continue to add volatility, with markets eyeing further rate decisions from the ECB and Fed.
Summary of Key Levels
| Level | Price |
|---|---|
| Resistance 2 | $37.10 |
| Resistance 1 | $36.95 |
| Pivot | $36.80 |
| Support 1 | $36.30 |
| Support 2 | $36.15 |
Frequently Asked Questions (FAQs)
1. What is the current trend for silver on June 11, 2025?
Silver is currently consolidating below a key resistance level at $36.80, with a short-term bearish bias indicated by technical indicators like RSI.
2. What are the key support and resistance levels?
Key resistance is at $36.80, with further upside potential toward $36.95 and $37.10. Support lies at $36.30 and $36.15.
3. Should I short silver now?
If the price stays below $36.80, short positions are favored with targets at $36.30 and $36.15. Use proper risk management.
4. What could trigger a bullish breakout?
A close above $36.80 with increasing volume and RSI moving above 50 could signal a bullish breakout.
5. How reliable is RSI for silver trading?
RSI is a widely used momentum indicator. In the current setup, it’s showing weakness, supporting the short-bias scenario.
6. How do economic indicators affect silver prices?
Indicators like inflation, GDP growth, and industrial output heavily influence silver due to its dual monetary and industrial demand.
Disclaimer
This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any financial instrument. Trading in commodities like silver involves substantial risk and may not be suitable for all investors. Always conduct your own research or consult with a professional financial advisor before making trading decisions.
