Sample Category Title

• Silver (XAG/USD) has broken above a multi-month bearish trendline.
• The short-term target for bulls is the psychological $80.00 level, with $75.00 confirmed as key support.
• Overbought momentum indicators on multiple timeframes suggest caution and patience for a pullback to support may be warranted.

Daily Timeframe: Confronting a Multi-Month Bearish Trendline

The daily chart for Silver (XAG/USD) presents a fascinating technical battleground. After a period of significant volatility earlier in 2026, the price action has stabilized into a recovery phase that is now testing a major structural hurdle.

The Trendline Constraint: The primary focus on the daily is the long-term descending trendline (navy blue) originating from the highs of late January. Price is currently attempting a sustained breakout above this line, which has historically acted as a ceiling for upside momentum.

Moving Average Confluence: Silver is currently trading above its 200-day MA (yellow). However, the 100-day MA (purple) remains above current prices, with a daily candle close above a sign that the long-term bull trend remains very much intact.

Support and Resistance: The psychological level of $75.00 has shifted from resistance to support. To the upside, the next major target for bulls is the 80.00 handle, followed by the technical resistance zone at 82.16.

Momentum: The RSI is currently just above the 50 neutral level, suggesting that the bullish momentum may be returning.

Silver (XAG/USD) Daily Chart, April 14, 2026

Source: TradingView.com (click to enlarge)

H4 Timeframe: Bullish Momentum Gains Traction

Moving down to the H4 chart, the bullish narrative becomes more pronounced. We are seeing a classic stair-stepping pattern of higher highs and higher lows.

Breakout Confirmation: The H4 chart shows a decisive break above the 75.00 horizontal level. This area is now bolstered by the fact that price continues to hold above immeidate dynamic support provided by the 100-day MA.

SMA Alignment: The MAs on the H4 are beginning to tilt to the upside with the 200-day MA just resting above current prices. A break above this 200-day MA at 78.46 will reinforce the bullish narrative and bring 80.00 level and beyond into focus.

Indicator Outlook: The RSI on the H4 is holding steady near 59.55, indicating that there is still plenty of room for price appreciation before reaching extreme overbought conditions on this timeframe.

Silver (XAG/USD) Four-Hour Chart, April 14, 2026

Source: TradingView.com (click to enlarge)

H1 Timeframe: Tactical Upside Grind

The H1 chart highlights a very clean intraday trend. The metal has spent the last several sessions grinding higher, guided by its short-term moving averages.

Immediate Support: The 75.35 level (100-day MA) is the immediate line in the sand for intraday traders. As long as price holds above this level, the "buy the dip" mentality remains the dominant play.

Price Targets: The immediate target is the 78.00 psychological level, with a clear path toward the $80.00 resistance if the current momentum persists.

Divergence Watch: While the price is making higher highs, the RSI is starting to show signs of exhaustion. This may lead to a minor retracement back toward the 75.00 - 75.50 zone before the next leg higher.

Silver (XAG/USD) One-Hour Chart, April 14, 2026

Source: TradingView.com (click to enlarge)

Silver is currently in a "Show Me" phase. The breakout above the daily descending trendline is a significant technical milestone, but it requires a daily close above 77.00 to confirm that the bears have truly lost control.

The Bullish Play: Bulls will be looking for a successful retest of the 75.00 area. If price can hold this level on a pullback, the next logical objective is the 80.00 psychological resistance. A break there opens the door for a move toward the 82.00 - 83.00 region.

The Bearish Play: For the bears to regain the upper hand, they need to force a "fakeout" scenario where price dives back below the descending trendline and the 75.00 support. A move back below 74.00 would invalidate the current bullish setup and suggest a return to the 70.00 support zone.

Key takeaway: The path of least resistance is currently to the upside, but with oscillators reaching overbought levels on multiple timeframes, patience for a "value entry" near support may be rewarded over chasing the current breakout.

Market Overview

The crypto market capitalisation rose by 4.53% over the past 24 hours to $2.52 trillion. The rise in cryptocurrencies was driven by an impressive recovery in risk appetite in traditional financial markets, with the Nasdaq 100 up 2.5% from its opening levels. The day’s top performers were Algorand (+9.4%), Ethereum (+7.6%) and Aptos (+6.2%). Underperforming the market were Dash (−6.3%), Zcash (−3%) and Tron (+0.2%).

The Fear and Greed Index surged to 21 (Extreme Fear) from 12 yesterday — the largest single-day jump in recent weeks. The indicator remains in the extreme fear zone, though the trend is clearly improving in line with the market’s rise.

Bitcoin’s price has surpassed $74K, returning to last month’s highs and beginning an assault on the 61.8% Fibonacci retracement level from the January–February slump. A victory for the bulls in this battle will pave an easier path to the $87K–$90K range, where the 200-day MA and the November–January support are located. Optimism in global markets increases the chances of reaching these heights in the coming days, but before rising above $90K, Bitcoin may require a lengthy period of consolidation and cooling off.

News Background

According to CoinShares, global investment in crypto funds rose by $1.118 billion last week, the highest since mid-January. Investments in Bitcoin increased by $872 million, in Ethereum by $197 million, and in XRP by $19 million. Investments in Solana fell by $3 million, and in Sui by $2 million.

CoinShares suggests that the significant inflow of funds was driven by easing geopolitical tensions and weaker-than-expected US consumer price index data. The Bitcoin short position segment recorded its largest inflow since November 2024, indicating continued hedging activity.

Institutional investors have strengthened their presence in the crypto market this year, whilst retail investors have been exiting it, notes Exodus. According to MN Fund founder Michael van de Poppe, retail investors are no longer interested in cryptocurrencies; the current cycle is institutional, and it will last longer.

Bitcoin mining is becoming increasingly centralised, with computing power concentrated in the hands of a few major players. Meanwhile, the artificial intelligence sector is moving in the opposite direction, notes Galaxy Research.

Strategy has increased its BTC purchases by almost threefold over the past week. The company bought an additional 13,927 BTC last week for $1 billion — at an average price of $71,900 per coin. Strategy now holds 780,897 BTC, purchased for $59 billion at an average price of $75,600 per Bitcoin.

BitMine acquired a further 71,524 ETH for $156.4 million over the past week. The company’s reserves have exceeded 4.8 million ETH — representing 4.04% of the Ethereum supply.

Daily Pivots: (S1) 214.23; (P) 214.80; (R1) 215.93; More...

GBP/JPY's break of 214.98 confirms up trend resumption. Intraday bias stays on the upside for 61.8% projection of 199.04 to 214.98 from 209.58 at 219.43. On the downside, below 213.61 minor support will turn intraday bias neutral again first.

In the bigger picture, up trend from 123.94 (2020 low) is still in progress. Firm break of 214.98 will target 61.8% projection of 148.93 (2022 low) to 208.09 (2024 high) from 184.35 at 220.90. This will remain the favored case as long as 55 W EMA (now at 204.47) holds, even in case of another deep pullback.

Daily Pivots: (S1) 186.62; (P) 187.08; (R1) 187.96; More...

EUR/JPY's up trend continues today and intraday bias remains on the upside for 161.8% projection of 180.78 to 184.75 from 182.56 at 188.98 next. On the downside, below 186.16 minor support will turn intraday bias neutral first. But near term outlook will stay bullish as long as 184.75 resistance turned support holds, in case of retreat.

In the bigger picture, up trend from 114.42 (2020 low) in in progress and should be ready to resume. Next target is 78.6% projection of 124.37 (2022 low) to 175.41 (2025 high) from 154.77 at 194.88 next. For now, medium term outlook will stay bullish as long as 175.41 resistance turned support holds, even in case of deeper pullback.

Daily Pivots: (S1) 0.8691; (P) 0.8711; (R1) 0.8725; More…

EUR/GBP is extending consolidation pattern from 0.8740 and intraday bias stays neutral. Further rise is mildly in favor as long as 0.8675 support holds. Break of 0.8740 will resume the rebound from 0.8610 to 0.8788 resistance. However, firm break of 0.8675 will turn bias back to the downside for retesting 0.8610 low instead.

In the bigger picture, strong support was seen again from 38.2% retracement of 0.8821 to 0.8863 at 0.8618. Break of 0.8788 resistance will argue that larger rise from 0.8221 might be ready to resume through 0.8863 (2025 high). Nevertheless, sustained trading below 0.8618 should confirm bearish reversal, and bring deeper fall to 61.8% retracement at 0.8466 at least.

Daily Pivots: (S1) 1.6514; (P) 1.6607; (R1) 1.6666; More...

Intraday bias in EUR/AUD remains neutral. Outlook is unchanged that rebound from 1.6125 could have completed at 1.6842, after rejection by 55 D EMA (now at 1.6720). Below 1.6497 will bring retest of 1.6125 low first. Nevertheless, firm break of 1.6708 will should resume the rebound from 1.6125 through 1.6842 to 38.2% retracement of 1.8554 to 1.6125 at 1.7053.

In the bigger picture, fall from 1.8554 (2025 high) is in progress and deeper decline should be seen to 61.8% retracement of 1.4281 to 1.8554 at 1.5913, which is slightly below 1.5963 structural support. Decisive break there will pave the way back to 1.4281 (2022 low). For now, risk will stay on the downside as long as 55 W EMA (now at 1.7163) holds, even in case of strong rebound.

Daily Pivots: (S1) 0.9194; (P) 0.9231; (R1) 0.9254; More....

EUR/CHF is extending consolidation from 0.9264 with another fall, and intraday bias stays neutral. Further rise is expected with 0.9155 support intact. Firm break of 0.9264 will resume the rebound from 0.8979 to 0.9394 resistance next. However, break of 0.9155 will turn bias back to the downside for deeper pullback.

In the bigger picture, considering bullish convergence condition in W MACD, a medium term bottom should be in place at 0.8979. Sustained trading above 55 W EMA (now at 0.9281) will add more credence to this case. Further break of 0.9394 resistance will pave the way to 0.9660 resistance next. However rejection by the 55 W EMA will set up another fall through 0.8979 low at a later stage.

Daily Pivots: (S1) 1.3759; (P) 1.3819; (R1) 1.3851; More...

USD/CAD's fall from 1.3965 resumed by breaking through 1.3798 temporary low. Intraday bias is back on the downside. Sustained trading below 38.2% retracement of 1.3840 to 1.3965 at 1.3780 will argue that the rebound from 1.3840 has completed, and bring deeper decline to 61.8% retracement at 1.3665 and below. On the upside, above 1.3876 resistance will turn bias neutral again first.

In the bigger picture, price actions from 1.4791 are seen as a corrective pattern to the whole up trend from 1.2005 (2021 low). Deeper fall could be seen, as the pattern extends, to 61.8% retracement of 1.2005 to 1.4791 at 1.3069. However, decisive break of 38.2% retracement of 1.4791 to 1.3480 at 1.3981 will argue that the correction has completed with three waves down to 1.3480 already. Further break of 1.4139 will confirm and bring retest of 1.4791 high.

Daily Pivots: (S1) 0.7023; (P) 0.7062; (R1) 0.7136; More...

Intraday bias in AUD/USD is back on the upside with break of 0.7094 temporary top. Rebound from 0.6832 is resuming for 0.7187 high. Strong resistance could be seen there on first attempt. On the downside, below 0.7000 support will turn intraday bias neutral again first.

In the bigger picture, as long as 0.6706 cluster support holds, rise from 0.5913 (2024 low) should still be in progress. Decisive break of 61.8% retracement of 0.8006 to 0.5913 at 0.7206 will solidify the case that it's already reversing the down trend from 0.8006 (2021 high). However, firm break of 0.6706 will dampen this bullish case, and bring deeper fall back to 0.6420 support, and possibly below.

Daily Pivots: (S1) 159.21; (P) 159.53; (R1) 159.78; More...

USD/JPY is still extending consolidations from 160.45 and intraday bias remains neutral. Outlook will stay bullish as long as 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) holds. On the upside break of 160.45 will target a retest on 161.94 high. However, firm break of 157.31/49 will bring deeper fall back to 61.8% retracement at 155.38 next.

In the bigger picture, outlook is unchanged that corrective pattern from 161.94 (2024 high) should have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94. This will remain the favored case as long as 55 W EMA (now at 155.24) holds. Firm break of 161.94 will pave the way to 61.8% projection of 102.58 to 161.94 from 139.87 at 176.75.