The quotes of XAG/USD continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 32.60. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers and a potential continuation of the price decline from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the metal price and a test of the support level near the 32.35 area. From where we should expect an upward price rebound and continued growth in the price of Silver with a target above the level of 33.75.
Silver Forecast XAGUSD for February 25, 2025
An additional signal in favor of the growth of quotes and prices for Silver XAG/USD will be a test of the bullish support line on the relative strength indicator (RSI). The second signal in favor of the rise will be a rebound from the lower border of the “Triangle” pattern. The cancellation of the option of price growth for Silver on February 25, 2025 will be a fall and a breakout of 31.85. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 29.75. We should expect the acceleration of the growth of XAG/USD quotes with a breakout of the resistance area and the price closing above the level of 33.35, which will indicate a breakout of the upper border of the “Triangle” model and the beginning of the implementation of the pattern with targets at the top.
Silver Forecast XAGUSD for February 25, 2025 suggests an attempt to test the support area near the level of 32.35. Further, the continuation of the growth of quotes with a target above the level of 33.75. The cancellation of the option of increasing prices for Silver will be a fall and a breakout of the level of 31.85. This will indicate a breakout of the support area. In this case, we should expect a continuation of the decline in the price of Silver with a target at the level of 29.75.
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