empty
19.03.2025 07:04 AM
Technical Analysis of Intraday Price Movement of Silver Commodity Instrument, Wednesday March 19, 2025.

This image is no longer relevant

Although on the 4-hour chart, the Silver commodity instrument is seen moving in a Bullish condition where this is indicated by its price movement moving above the EMA (21) and within its daily Bullish Pitchfork Channel, however, with the appearance of the Rising Wedge pattern and Divergence between the Silver price movement and the Awesome Oscillator indicator, it gives an indication of the potential for a weakening correction, but as long as the correction does not breaks and close below the level of 32,715, it will actually be an indication of the strengthening momentum that will occur next where Silver will strengthen again to the level of 34,180 as its main target and if the strengthening momentum and volatility support it, 35,838 will be the next target to be aimed for.

(Disclaimer)

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Forecast for June 11, 2025

Yesterday, the US dollar attempted to push the euro below key technical support levels marked by the daily Balance and MACD indicator lines, but the euro withstood the pressure

Laurie Bailey 04:41 2025-06-11 UTC+2

GBP/USD Forecast for June 11, 2025

Yesterday's employment data from the UK for May showed an increase in the unemployment rate from 4.5% to 4.6%, along with a rise in jobless claims by 33,100

Laurie Bailey 04:41 2025-06-11 UTC+2

Silver Forecast for June 11, 2025

Over the past seven sessions, silver has made a significant upward move, yet the growth potential remains far from exhausted. The target at 38.500 — the upper boundary

Laurie Bailey 04:41 2025-06-11 UTC+2

Forecast for EUR/USD on June 10, 2025

On Monday, the EUR/USD pair traded sideways between the levels of 1.1380 and 1.1454, forming a range. Therefore, a rebound from the support zone of 1.1374–1.1380 would favor the euro

Samir Klishi 10:33 2025-06-10 UTC+2

GBP/USD. June 10th. Unemployment Rises in the UK

On the hourly chart, the GBP/USD pair on Monday made two rebounds from the 161.8% corrective level at 1.3520 but failed to start an upward movement. Today, on Tuesday

Samir Klishi 10:21 2025-06-10 UTC+2

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Tuesday June 10 2025.

With the appearance of the Ascending Broadening Wedge pattern followed by the appearance of the Bearish 123 pattern, it gives an indication that in the near future EUR/USD

Arief Makmur 05:59 2025-06-10 UTC+2

Technical Analysis of Intraday Price Movement of GBP/JPY Cross Currency Pairs, Tuesday June 10, 2025.

On the 4-hour chart of the GBP/JPY cross currency pair, there are several interesting things can be seen. First, the price movement is moving above the WMA (21) which

Arief Makmur 05:59 2025-06-10 UTC+2

Forecast for EUR/USD on June 10, 2025

Monday passed calmly in the markets, and the main takeaway was the restoration of risk-related correlations. The euro bounced back from the daily MACD line support for the second consecutive

Laurie Bailey 04:52 2025-06-10 UTC+2

Forecast for GBP/USD on June 10, 2025

On Monday, the British pound closed with a small gain. This pattern has become common over the past week—growth marked by small white candles, while declines occur through extended black

Laurie Bailey 04:48 2025-06-10 UTC+2

AUD/USD Forecast for June 10, 2025

The Australian dollar has shown moderate growth of more than a figure over the past 10 days, but the Marlin oscillator's reluctance to follow this upward move is causing concern

Laurie Bailey 04:46 2025-06-10 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.