Technical Analysis: XAGUSD

XAGUSD increased by more than 7%

On Monday, XAGUSD increased by more than 7% and broke above the US$86 mark, reaching a two-month high.

US existing home sales failed to meet expectations in April

US Existing Home Sales, y/y (April) increased from 4,010,000 to 4,020,000 Vs. 4,050,000(forecast), according to the data from the National Association of Realtors.

Silver ETF holdings increased

As of 11^th May 2026, silver ETF holdings reached 15084.89 tons, an increase of 36.59 tons from the previous trading day, according to the data from the world’s largest Silver ETF——iShares Silver Trust.

The bullish market trend prevailed in the short term

the Chart of the Day

On the chart of the day, XAGUSD rose steadily. The bullish market trend prevailed in the short term. In terms of technical indicators, KDJ went upwards after golden cross occurred, showing that XAGUSD will climb further. Investors should focus on whether XAGUSD will break through the resistance at 90.0. It will climb with potential resistance at 96.4 if it breaks above 90.0.

4-hour chart

On the 4-hour chart, XAGUSD was prone to fluctuation and climbed. The bullish market trend prevailed in the short term. 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 85.0. It will climb if it retreats but is stable above 85.0.

Key resistance: 90.0,96.4

Key support: 85.0,83.0

Generally speaking, the bullish market trend prevailed in the short term. Investors could buy as XAGUSD retreats during the day.