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19.03.202507:04 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Silver Commodity Instrument, Wednesday March 19, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 19.03.2025 analysis

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)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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