XAG London Silver – Silver Consolidating within a Large Triangle

London silver bottomed at 62.31 on Wednesday and peaked at 67.33 on Friday, closing the week at $66.25. The range continues to contract, forming a large sensitive triangle that extends from the May high through the July low, August high, and early-month low, currently bounded by $63.4–$67.8. Price held above the 50-day moving average last week; $62.9 now stands as the most critical support.

Expect an initial pullback early this week. A break below $65.9 would target $64.8 and then $63.9, after which a renewed advance would be more constructive. Upside progress requires a sustained hold above the 100-day average $66.4 and the 250-day average $68.7 before challenging the key resistance divide at 69.9. Early-week forecast range: $64.7–$67.1, with resistance at $68.7/70.4 and support at $63.7/62.1.

London Silver Forecast Range, 21–25 September
Resistance: 67.1 – 68.7 – 69.7 – 70.4  
Support: 65.4 – 64.4 – 63.7 – 62.1

London Silver, 21 September  
Early forecast range: 65.7 – 66.8  
Resistance: 67.3 – 68.4 – 69.4  
Support: 65.1 – 64.7 – 64.1

iShares Silver Trust Holdings  
8 Sep – 15,339.36 tonnes  
9 Sep – 15,339.36 tonnes  
10 Sep – 15,316.88 tonnes  
11 Sep – 15,316.88 tonnes  
14 Sep – 15,291.60 tonnes  
15 Sep – 15,266.31 tonnes  
16 Sep – 15,266.98 tonnes  
17 Sep – 15,266.98 tonnes  
18 Sep – 15,266.98 tonnes

Any questions? contact our professional analysis team