On June 4, 2025, Silver (XAG/USD) is showing a bullish bias as it consolidates above a key technical pivot at $34.20. Traders and investors are closely monitoring this level, as intraday momentum appears to be gaining strength, potentially driving silver prices toward $35.10, a key resistance zone.
Intraday Silver Strategy – June 4, 2025
✅ Bullish Scenario:
- Entry Signal: Buy above $34.20
- Targets:
- Initial: $34.80
- Extended: $35.10
Technical Insight:
- The RSI is mixed to bullish, suggesting growing buying interest.
- Watch for price action confirming a strong move above $34.20 with increased volume.
- A bullish candle breakout or MACD histogram rise would further validate upside momentum.
❌ Bearish Scenario:
- Entry Signal: Sell below $34.20
- Targets:
- Initial: $33.95
- Extended: $33.60
Technical Insight:
- A breakdown below $34.20 could trigger a fast move toward lower support zones.
- Bearish MACD cross or RSI slippage below 50 would confirm weakness.
- Monitor U.S. dollar strength or macroeconomic shocks as catalysts for downside.
📊 Technical Indicators Snapshot
| Indicator | Signal |
|---|---|
| Pivot Point | $34.20 |
| RSI | Mixed to bullish |
| MACD | Neutral, awaiting breakout confirmation |
| Volume | Needs confirmation above $34.20 for trend validation |
Key Silver Levels to Watch – June 4, 2025
- 🔹 Pivot Point: $34.20
- ⬆️ Resistance: $34.80, $35.10
- ⬇️ Support: $33.95, $33.60
Note: The $34.20 level is both a technical and psychological battleground. A breakout or breakdown here could set the tone for the rest of the trading session.
Pro Tips for Silver Traders Today
- 🎯 Use trailing stop-losses to protect gains in strong trends.
- 🛡️ Place tight stop-loss orders just below/above pivot levels to manage risk.
- 🌐 Monitor U.S. economic releases, inflation data, and geopolitical risks that could affect safe-haven flows.
- 📉 Adjust lot sizes based on intraday volatility and market liquidity.
Frequently Asked Questions (FAQs)
🔹 Is Silver bullish today?
Yes, as long as Silver stays above $34.20, the intraday bias is bullish with targets at $34.80 and $35.10.
🔹 What is the key support level for Silver?
The key support zones are $33.95 and $33.60, which may trigger a reversal if breached.
🔹 Is RSI showing strength for Silver?
RSI is in a mixed-to-bullish zone, suggesting gradual strengthening of momentum.
🔹 What could push Silver prices down today?
A stronger U.S. dollar, weaker industrial demand data, or rising interest rate fears could pressure Silver.
🔹 Should I trade Silver intraday?
If you’re an active trader, Silver offers good volatility. Use pivot levels like $34.20 for precise entries.
Disclaimer:
This article is for informational and educational purposes only. It does not constitute financial or investment advice. Trading silver (XAG/USD) and other commodities involves significant risk and may not be suitable for all investors. Always conduct your own analysis or consult a licensed financial advisor before making trading decisions. Past performance is not indicative of future results.
