Technical Analysis: XAGUSD

XAGUSD increased by more than 6%

On Wednesday, XAGUSD increased by more than 6% and broke above the US$77 mark, reaching a two-week high.

The peace deal between the US and Iran was in sight

On the 6^th May, local time, the US President Trump expressed his optimism over the possible peace deal with Iran.

Silver ETF holdings stayed the same

As of 6^th May 2026, silver ETF holdings stayed the same at 15058.15 tons, 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 was prone to fluctuation and climbed. 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 rise further. Investors should focus on whether XAGUSD will break through the resistance at 80.2. It will climb with potential resistance at 83.0 if it breaks above 80.2.

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 76.7. It will rise if it retreats but is stable above 76.7.

Key resistance: 80.2,83.0

Key support: 76.7,75.6

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