XAG/USD quotes continue to move within the framework of the growth and bullish channel development. At the time of publication of the forecast, the Silver price is 33.24. Moving averages indicate an upward trend. Prices are testing the area between the signal lines again, indicating pressure from buyers and potential continued growth from 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 32.45 area. From where we should expect an upward price rebound and continued growth in the price of Silver with a target above the 34.45 level.
Silver Forecast XAGUSD for March 14, 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 rising prices for Silver on March 14, 2025 will be a fall and a breakout of 31.95. This will indicate a breakout of the support area and a continuation of the fall to the area below the 29.35 level. We should expect an acceleration in the growth of XAG/USD quotes with a breakout of the resistance area above the 33.65 level.
Silver Forecast XAGUSD for March 14, 2025 suggests an attempt to test the support area near the level of 32.45. Further, the continuation of the growth of quotes with a target above the level of 34.45. The cancellation of the option of increasing prices for Silver will be a fall and a breakout of the level of 31.95. This will indicate a breakout of the support area. In this case, we should expect a continuation of the fall in the price of Silver with a target at the level of 29.35.
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