Technical Analysis: XAGUSD

XAGUSD reached a record high again

On Wednesday, XAGUSD surged by about 4% and reached a record high of US$66.88 per ounce.

The Fed member Waller supported further interest rate cut

Given that the job market is weak, there is still margin for the interest rate cut, the Fed member Waller said on Wednesday. Current monetary policy interest rate is 100 basis points higher than the neutral rate of interest, he added.

Silver ETF holdings stayed the same

As of 17^th December 2025, silver ETF holdings stayed the same at 16018.29 tons, according to the data from the world’s largest silver ETF——iShares Silver Trust.

The bullish market trend prevailed

the Chart of the Day

On the chart of the day, XAGUSD was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, KDJ went upwards after golden cross occurred, showing that XAGUSD will rise further. Investors should focus on whether XAGUSD will break through the resistance at 68.0. It will jump further with potential resistance at 70.0 if it breaks above 68.0.

4-hour chart

On the 4-hour chart, XAGUSD was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, MACD went upwards after golden cross occurred, showing that the market trend is bullish. Investors should focus on whether XAGUSD will break through the support at 64.6. It will jump if it retreats but it is stable above 64.6.

Key resistance: 68.0,70.0

Key support: 64.6,63.4

Generally speaking, the bullish market trend prevailed in the short term. Investors should focus on US CPI (November) during the day.