XAG/USD quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 33.04. Moving averages indicate the presence of an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and potential continuation of the growth in price from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the cost of the metal and a test of the support level near the 32.55 area. Where should we expect a price rebound upward and continued growth in the price of Silver with a target above the level of 34.05.
Silver Forecast XAGUSD for March 13, 2025
An additional signal in favor of growth in quotes and prices for Silver XAG/USD will be a test of the support line on the relative strength indicator (RSI). The second signal in favor of growth will be a rebound from the lower border of the bullish channel. The cancellation of the option of raising prices for Silver on March 13, 2025 will be a fall and a breakout of 31.65. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 29.05. It is worth expecting an acceleration in the growth of XAG/USD quotes with a breakout of the resistance area above the level of 33.55.
Silver Forecast XAGUSD for March 13, 2025 suggests an attempt to test the support area near the level of 32.55. Further, the continuation of the growth of quotes with a target above the level of 34.05. The cancellation of the option of increasing prices for Silver will be a fall and a breakout of the level of 31.65. This will indicate a breakout of the support area. In this case, it is worth expecting a continuation of the fall in the price of Silver with a target at the level of 29.05.
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