Silver XAG/USD quotes end the trading week near the 33.86 area. Quotes continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate the presence of an upward trend for the asset. Prices broke through the area between the signal lines upwards, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the asset and a test of the support level near the 31.15 area. Next, the continuation of the growth of the price of Silver with a potential target above the level of 38.45.
Silver Weekly Forecast March 17 — 21, 2025
A rebound from the support line on the relative strength indicator will act in favor of the growth of quotes and prices for Silver in the current trading week of March 17 — 21, 2025. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the growth option for XAG/USD quotes will be a fall and a breakout of the 28.45 area. This will indicate a breakout of the support area and a continuation of the fall in Silver prices with a target below the level of 26.65. Confirmation of the development of growth will be a breakout of the resistance level and closing of prices above the level of 34.55.
Silver Weekly Forecast March 17 — 21, 2025 suggests an attempt to test the support level near the 31.15 area. Then, continued growth in Silver prices with a target above the 38.45 level. A test of the trend line on the relative strength indicator will be in favor of the rise. The cancellation of the XAG/USD growth option will be a fall and a breakout of the 28.45 level. This will indicate a continuation of the decline in quotes to the area below the 26.65 level.
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