Silver price (XAG/USD) makes rounds to $24.80-85 during early hours of Tuesday’s Asian session, following a downbeat start of the week. Even so, the bright metal seesaws around the highest levels since late April 2022 marked in the last week.

That said, the commodity buyers appear running out of steam of late as the RSI (14) turns over overbought and the MACD like also retreats within the bullish area.

Adding strength to the downside bias is the XAG/USD’s failure to cross an upward-sloping resistance line from late December 2022, close to $25.15 by the press time.

However, two ascending support line from the previous month, respectively near $24.65 and $24.30, restrict short-term downside of the Silver price.

Following that, the precious metal’s slump towards the $21.80-75 support zone comprising January’s low and the 100-DMA can’t be ruled out.

Meanwhile, an upside clearance of the aforementioned resistance line, close to $25.15, opens the door for the XAG/USD rally towards the April 2022 peak of $26.22.

In a case where the Silver buyers keep the reins past $26.22, the previous yearly high of around $26.95 and the $27.00 round figure will gain the market’s attention.