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Published: 14 May 2026,09:32
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XAGUSD, H4:
Silver has continued to trade with strong bullish momentum, climbing to a fresh monthly high after rallying more than 20% from its May low. The sharp advance highlights sustained buying interest and reinforces the strength of the broader upward trend.
However, recent price action shows the metal encountering resistance near the $89.75 level, where upside momentum has started to moderate. In addition, the Moving Average Convergence Divergence (MACD) is showing signs of forming a bearish crossover at elevated levels, suggesting that a short-term technical retracement may develop in the near term.
Despite the risk of a corrective pullback, the broader bullish structure remains intact. The key support level to monitor is near $83.45. As long as silver is able to sustain above this support zone, the metal is likely to remain within its prevailing bullish trajectory, with any near-term weakness potentially viewed as a corrective consolidation within the broader uptrend.
A decisive break below the $83.45 support level, however, could signal a deeper retracement and weaken the current bullish outlook.
Resistance Levels: 89.75, 95.35
Support Levels: 83.45 78.70
ETH, H4
Ethereum declined to a fresh weekly low despite staging a minor technical rebound after approaching the previous support level near $2,233. The latest price action suggests that ETH remains firmly within its prevailing bearish trajectory, with downside pressure continuing to dominate the near-term outlook.
As long as the cryptocurrency remains below key resistance levels, the current trend may extend further, potentially exposing the next pivotal support zone near the $2,200 mark.
Momentum indicators continue to reinforce the bearish bias. The Relative Strength Index (RSI) is hovering close to oversold territory, reflecting persistent selling pressure, while the Moving Average Convergence Divergence (MACD) continues to trend lower after crossing below the zero line—both signaling that bearish momentum remains intact.
Unless ETH is able to stabilize and reclaim stronger upside momentum, the risk of further downside movement is likely to persist in the near term.
Resistance Levels: 2377.35, 2675.00
Support Levels: 2132.00, 1825.80
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