Silver Price Forecast: XAG/USD seems vulnerable near YTD low, as bears await $49.00 break

Silver (XAG/USD) experiences renewed selling pressure on Tuesday, reversing Monday's recovery gains and nearing its lowest level since November 2025. The metal trades just above the $49.00 mark, down 2.75% for the day. From a technical standpoint, XAG/USD remains below the 100-hour Exponential Moving Average (EMA) at $51.40, with the Moving Average Convergence Divergence (MACD) slipping into negative territory and the Relative Strength Index (RSI) hovering around 28, indicating oversold conditions.

Bearish traders may wait for a sustained break below the $49.00 level before placing fresh bets and positioning for further downtrend extension. If the metal recovers and clears the $50.00 psychological barrier, a short-covering rally could follow, potentially lifting XAG/USD beyond the $50.35 intermediate hurdle toward the $51.00 mark.

The 100-hour EMA at $51.40 acts as a key resistance level, and a reclaim would ease bearish pressure, opening the door to a more sustained recovery. Silver, a precious metal used as a store of value and hedge during inflation, is influenced by factors like geopolitical events, interest rates, USD strength, and industrial demand.