Silver Prices Maintain Positive Momentum Amid Geopolitical Tensions and Technical Indicators

As of February 24, 2026, silver (XAG/USD) is trading at approximately $88.20 per troy ounce, maintaining a positive bias. The Relative Strength Index (RSI) is at 54, indicating modest bullish momentum. The price remains above both the nine-day and 50-day Exponential Moving Averages (EMAs), suggesting a sustained short-term uptrend. (fxstreet.com)

Macro Drivers:

• Geopolitical Tensions: Renewed tensions between the U.S. and Iran, along with uncertainties surrounding U.S. tariff policies, have driven investors toward safe-haven assets like silver. (minelistings.com)

• Industrial Demand: Growing industrial applications, particularly in solar energy and electronics, continue to support silver's demand. (minelistings.com)

Technical Guidance:

• Support Levels: The nine-day EMA near $83.03 serves as immediate support. (fxstreet.com)

• Resistance Levels: A sustained move above $92.75 would confirm bullish continuation. (fxstreet.com)

Risk Scenarios:

• Geopolitical Developments: Escalation in U.S.–Iran tensions or unexpected tariff changes could lead to increased volatility.

• Economic Data Releases: Upcoming U.S. employment data may influence Federal Reserve policy decisions, impacting silver prices.

Technical Advice for Intraday Traders:

• Monitor Support and Resistance Levels: Be vigilant around the $83.03 support and $92.75 resistance levels.

• Watch RSI Movements: An RSI above 50 may indicate bullish momentum; below 50 could signal bearish trends.

• Stay Updated on Geopolitical News: Rapid developments can lead to swift price movements; adjust positions accordingly.

Critical Level:

Medium

Should Pause Trading:

False

Trading Pause Reason:

Market conditions are stable with manageable risk for most traders.

Market Tags:

Precious Metals, Silver, XAG/USD, Forex, Technical Analysis, Geopolitics

References:

(fxstreet.com)