• Silver holds above 50 and 100-DMAs, showing buyer strength, but momentum is diminishing.
• For uptrend continuation, a break above the August 26 peak of $30.18 is needed, aiming for $30.50 and July 17 high of $31.42.
• If gains below $30.00 aren't sustained, expect a pullback to supports at $29.22-$29.13 and key $29.00 level.

Silver's price consolidated for the second straight day, within the $29.70-$30.10 area on Tuesday, yet printed gains of 0.24%. At the time of writing, XAG/USD trades at $29.96.

XAG/USD Price Forecast: Technical outlook

The XAG/USD trades above the confluence of the 50- and 100-day moving averages (DMAs), an indication of buyer strength. Still, Silver’s uptrend seems stretched, with bills failing to achieve a daily close above $30.00.

Momentum supports buyers yet shows that they’re losing steam, as the Relative Strength Index (RSI) shows.

Silver’s uptrend will continue once buyers reclaim the August 26 peak at $30.18. Once surpassed, the next resistance would be the $30.50 figure, followed by the July 17 swing high at $31.42.