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Silver Building Momentum With More Gains Expected

ByJason Sen
Published 09/26/2025, 04:40 AM
Gold Spot US Dollar1.14%
Silver Spot US Dollar1.27%
SI1.38%
CL-1.82%

XAG/USD

  • Silver (XAG/USD) made a low for the day exactly at first support at 4370/60 for the second day and shot higher through 4410/15 to retest 4444/4446.
  • The break higher hit my targets of 4455/60 and 4480/85 before a high for the day at 4523.
  • New targets: 4546/49, 4570/74, 4592/97, 4615.
  • As I suggested at the start of this week, silver appears to be building strong upward momentum.
  • Strong support at 4420/15 and longs need stops below 4400.
  • A buying opportunity at 4365/60 and longs need stops below 4345.

SIlver Price Chart

XAU/USD

  • Gold (XAU/USD) in a short-term correction. The pattern is not yet clear but it could be a bull flag.
  • We must wait for clarity.
  • First support at 3725/20. Targets: 3735, 3745. Longs need stops below 3715.
  • A break below 3715 risks a slide to 3710/08 then 3696/93, perhaps as far as 3690/88.
  • However, shorts are risky in a strong bull trend so I do not recommend - I prefer to sit and wait for a clear signal or pattern.
  • We could have minor resistance in the 3742/46 and again at 3755/59.
  • A break above 3761 can target 3771/74 and 3777/79.
  • Further gains retest the all-time high at 3790/3791.
  • A weekly close above here would be a buy signal for the start of next week.

Gold Price Chart

WTI Crude November Future

  • Last session low and high: 6406 - 6535 (To compare the spread with the contract that you trade).
  • WTI Crude beat resistance at 6350/6385 to target 6435/45 and 6520/40. All targets hit with a high for the day exactly here.
  • A break above 6560 should be a buy signal targeting 6640/60, perhaps as far as 6530/50.
  • Support at 6400/6350. Longs need stops below 6320.

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