XAG/USD quotes continue to move within the framework of the development of the fall and the descending channel. At the time of publication of the forecast, the Silver price is 33.12. 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 growth in the metal price and a test of the resistance level near the 33.35 area. From where we should expect a price rebound downwards and a continuation of the fall in the price of Silver with a target below the level of 31.45.
Silver Forecast XAGUSD for March 25, 2025
An additional signal in favor of a decrease in quotes and prices for Silver XAG/USD will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of a fall will be a rebound from the upper border of the bearish Wolfe Wave pattern. The cancellation of the option of falling prices for Silver on March 25, 2025 will be strong growth and a breakout of 34.05. This will indicate a breakout of the resistance area and continued growth to the area above the level of 36.65. We should expect an acceleration of the fall in XAG/USD quotes with a breakout of the support area below the level of 32.65.
Silver Forecast XAGUSD for March 25, 2025 suggests an attempt to test the resistance area near the level of 33.35. Further, the continuation of the fall in quotes with a target below the level of 31.45. The cancellation of the option of a decrease in Silver prices will be a strong growth and a breakout of the level of 34.05. This will indicate a breakout of the resistance area. In this case, we should expect a continuation of the rise in the price of Silver with a target at the level of 36.65.
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