XAG/USD quotes continue their movement within the development of a decline and a downward channel. At the time of the forecast publication, Silver is priced at 31.19. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upward, indicating pressure from buyers and a potential continuation of the price increase from current levels. At the moment, a bullish correction attempt in the price of the metal and a test of the resistance level near the 32.15 area are expected. From there, a price rebound downward and the continuation of the decline in Silver prices with a target below 28.45 are anticipated.
Silver Forecast XAGUSD for March 4, 2025
An additional signal in favor of the decline in XAG/USD quotes and Silver prices will be a test of the resistance line on the Relative Strength Index (RSI). A second signal supporting the decline will be a rebound from the lower boundary of the bullish channel. The scenario for Silver price decline on March 4, 2025, will be invalidated by strong growth and a breakout above 33.45. This will indicate a breakout of the resistance area and a continuation of the rise toward 35.05. Acceleration of the decline in XAG/USD quotes should be expected with a breakdown of the support area below 30.35.
Silver Forecast XAGUSD for March 4, 2025 suggests an attempt to test the resistance area near 32.15, followed by a continuation of the decline to a target below 28.45. A scenario invalidation would be strong growth and a breakout of 33.45, indicating a continuation of the upward movement with a target at 35.05.
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