Silver Holds Near $38.40 with Bullish Momentum

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As of July 21, 2025, silver (XAG/USD) trades between $38.20 and $38.40, maintaining its upward trend. Key resistance is at $38.50; a break above could lead to $39.10–$40.00. Strong support is at $37.00 and $36.80. The RSI is nearing overbought, suggesting a possible short-term correction.

Upcoming U.S. CPI and PPI data may raise Fed rate cut expectations, supporting silver. Geopolitical risks and U.S. trade policies are supporting safe-haven demand, while strong industrial use in renewable energy and electronics also supports prices. The medium-term outlook remains positive.

Silver faces resistance at 38.50, with higher levels at 39.50 and 40.10. Support is found at 37.20, followed by 36.85 and 35.50.

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