Silver Price Breaks February Resistance Line

As seen on the XAG/USD chart, silver has today breached the upper boundary of the descending channel formed by February’s lower highs and lows.

Bullish sentiment is supported by heightened geopolitical tensions and rising demand for safe-haven assets. According to media reports:

  • → On Thursday, US President Donald Trump warned Iran that it must reach an agreement on its nuclear programme, or “really bad things” would happen, setting a 10–15 day deadline.
  • → In response, Tehran threatened retaliatory strikes on US bases in the region if attacked.

On 11 February, analysing the XAG/USD chart, we noted that silver was consolidating between two key levels:

  • → resistance around $87.5–95
  • → support near $70

Today’s bullish breakout of the channel’s upper boundary – which acted as resistance in February – can be interpreted as a move towards the $87.5–95 zone.

Confidence for bulls is further reinforced by an inverted head and shoulders (SHS) pattern. If buyers are determined, this should be confirmed by XAG/USD holding above:

  • → the channel breakout level near $79
  • → the psychological $80 mark.

Start trading commodity CFDs with tight spreads (additional fees may apply). Open your trading account now or learn more about trading commodity CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Source link

Visited 1 times, 1 visit(s) today

Related Article

BTC/USD Analysis: Are the Bulls Stirring?

BTC/USD Analysis: Are the Bulls Stirring?

According to media reports, Bitcoin’s fall from its all-time high in October 2025 to February’s low near $60k triggered the largest outflow from spot Bitcoin ETF funds since their launch in January 2024. Glassnode data show that more than 100,000 BTC were withdrawn from these funds in January alone, though the total remains substantial, with

UK retail sales surge 1.8% in January, strongest since May 2024

UK retail sales surge 1.8% in January, strongest since May 2024

UK retail sales volumes jumped 1.8% mom in January, far exceeding expectations of 0.2% and marking the largest monthly increase since May 2024. The rebound suggests consumers began the year on firmer footing despite broader concerns over slowing growth. On an annual basis, sales volumes rose 4.5% yoy, pointing to solid underlying demand. Over the

USD/CHF Carves a Bottom after Reaching 14-Year Lows

USD/CHF Carves a Bottom after Reaching 14-Year Lows

2025 was the year of the Swiss Franc, and there were quite a few reasons. De-dollarization, flows moving towards Europe, the Yen losing some of its Safe-Haven characteristics amid fiscal trouble in Japan, and general diversification towards quality as the World faces troubled times ahead. Reaching 14-year lows less than a month ago, USD/CHF had

NZ trade deficit at NZD -519m as China flows diverge

NZ trade deficit at NZD -519m as China flows diverge

New Zealand’s goods exports rose 2.6% yoy in January to NZD 6.2B, up NZD 157m from a year earlier. Goods imports increased 1.9% yoy to NZD 6.7B, up NZD 126m. The result was a monthly trade deficit of NZD -519m. By destination, export performance was mixed. Shipments to China, New Zealand’s largest trading partner, fell

image

GBP/USD Forex Signal 19/02:British Pound Likely to Make Move

Created on February 19, 2026 The British pound has fallen on Wednesday, as we continue to see pressures on this currency. GBPUSD The British pound has fallen again during the trading session on Wednesday against the US dollar as we are now testing the 50-day EMA and the 1.35 level. With that being said, I

dna-markets.png

The best prop firms for US traders in 2026

We’ve tested over 40 challenges and funded accounts to shortlist the 5 top prop trading firms for USA traders. We assessed the process from start to finish, assessing each firm’s challenges, rules, financial instruments, fees, payouts and scaling plans, giving you a solid understanding of the options available in the United States before you start

USD/JPY Mid-Day Outlook - ActionForex

USD/JPY Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 152.89; (P) 153.27; (R1) 153.89; More… Range trading continues in USD/JPY and intraday bias stays neutral. With 38.2% retracement of 139.87 to 159.44 at 151.96 intact, price actions from 159.44 are seen as a consolidations pattern only. On the upside, firm break of 154.63 minor resistance will bring stronger rebound towards 157.65.

WTI Crude Reaches February High

WTI Crude Reaches February High

As the XTI/USD chart shows, the price of a barrel has today moved above the highs of 4 and 11 February, rising beyond the $66 level and marking its highest point since the start of the month. Bullish sentiment is being driven by escalating geopolitical tensions, primarily linked to Iran. According to media reports: →

AUD/NZD eyes 1.20 after break to 13 year high

AUD/NZD eyes 1.20 after break to 13 year high

AUD/NZD’s medium-term uptrend resumed this week, lifting the cross to its highest level since 2013. The move extends a rally that began in mid-2025 and reflects widening policy divergence between the RBA and RBNZ. The initial leg higher was driven by aggressive rate cuts from RBNZ, which pushed the OCR down to 2.25% and weakened

FTSE 100 Index Climbs to a Record High

FTSE 100 Index Climbs to a Record High

The UK Consumer Price Index (CPI) report released today showed a slowdown in inflation. According to Forex Factory, the annual figure came in at 3.0%, compared with 3.4% the previous month. Media reports note that: → this marks the lowest level since March 2025; → the easing in inflation was driven by lower prices for

Euronext registers 12.7% Y/Y drop in FX trading revenue in Q4 2025

Euronext registers 12.7% Y/Y drop in FX trading revenue in Q4 2025

European capital market infrastructure Euronext today published its results for the fourth quarter and full year 2025. FX trading revenue was down 12.7%, at €7.4 million in the final quarter of 2025, reflecting lower volatility and the negative currency impact of the USD. Financial derivatives trading and clearing revenue was €12.3 million in Q4 2025,

EUR/CHF Mid-Day Outlook - ActionForex

EUR/CHF Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 0.9110; (P) 0.9125; (R1) 0.9145; More…. EUR/CHF is still bounded in consolidations above 0.9092 and intraday bias stays neutral. With 0.9180 resistance intact, further decline is expected. On the downside, firm break of 0.9092 will resume larger down trend and target 261.8% projection of 0.9394 to 0.9268 from 0.9347 at 0.9143. However,

EUR/AUD Mid-Day Outlook - ActionForex

EUR/AUD Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 1.6692; (P) 1.6748; (R1) 1.6782; More… EUR/AUD is still bounded in consolidations above 1.6620 and intraday bias remains neutral. With 1.7060 resistance intact, outlook stays bearish and further decline is expected. On the downside, break of 16620 will resume larger down trend from 1.8554 to 138.2% projection of 1.8554 to 1.7245 from

CFDs broker GCI Trading adds cTrader

CFDs broker GCI Trading adds cTrader

Leading trading technology provider Spotware has announced that it is partnering with FX/CFDs broker GCI Trading. Now powered by cTrader, GCI Trading will deliver a premium trading experience, meeting the highest standards of transparency. With more than two decades in the market, Spotware said that GCI has earned a reputation traders can rely on. GCI

Prop firm The Trading Pit launches offshore CFDs brokerage TTP Markets

Prop firm The Trading Pit launches offshore CFDs brokerage TTP Markets

Retail prop trading firm The Trading Pit has announced that it has become the latest prop firm to launch its own branded CFDs brokerage, called TTP Markets (website ttpmarkets.com). The Trading Pit said that TTP Markets is being launched as a Seychelles-regulated brokerage arm, established as part of a broader strategy to build a diversified

GBP/JPY Falls to a Year-to-Date Low

GBP/JPY Falls to a Year-to-Date Low

As the GBP/JPY chart shows, the pound has dropped below the 12 February low against the Japanese yen, marking its weakest level since the beginning of 2026. The pair last traded beneath the 207.500 mark in mid-December 2025. → The yen’s strength is supported by expectations that economic stimulus measures introduced by Prime Minister Sanae

Featured Image

BTCC Exchange Launches TradFi, Enabling Seamless Access to Global Traditional Markets with USDT | Currency News | Financial and Business News

LODZ, Poland, February 17th, 2026, Chainwire BTCC, the world’s longest-serving cryptocurrency exchange, announces the launch of BTCC TradFi, a new cross-market feature that gives users direct access to forex, commodities, indices, and stocks, all margined and settled in USDT. Global forex trading volumes reached record highs in 2025, while precious metals posted their strongest rally

Dollar Not in a Rush

Dollar Not in a Rush

EURUSD remains prone to consolidation. The yen is strengthening thanks to capital flows. The US markets, closed for Presidents’ Day, brought calm to the Forex market. Traders are not forcing events, awaiting the publication of the January FOMC meeting minutes. This has resulted in EURUSD moving into a narrow trading range. The pair showed no

GBP/USD Forecast: 17/2: British Pound Drifts Lower

GBP/USD Forecast: 17/2: British Pound Drifts Lower

Created on February 17, 2026 The British pound fell slightly in shortened trading on Monday, as the Americans will have been celebrating President’s Day. GBP/USD The British pound has been slightly negative during the trading session on Monday as traders continue to see a little bit of hesitation in this pair. Keep in mind that

AUD/USD Daily Report - ActionForex

AUD/USD Daily Report – ActionForex

Daily Pivots: (S1) 0.7055; (P) 0.7076; (R1) 0.7093; More… Intraday bias in AUD/USD stays neutral for the moment. Consolidation from 0.7146 would extend further and deeper retreat cannot be ruled out. But downside should be contained above 0.6896 support to bring another rally. On the upside, above 0.7146 will resume larger up trend to 100%

0
Would love your thoughts, please comment.x
()
x