[Silver] – [Thursday, August 21, 2025]
Silver has the potential to strengthen today, although the two EMAs are still forming a Death Cross. However, the appearance of a Divergence indicates potential for strengthening in the near future.
Key Levels
1. Resistance 2: 35.518.
2. Resistance 1: 38.187.
3. Pivot: 37.558.
4. Support 1: 37.227.
5. Support 2: 36.598.
Tactical Scenario
Positive Reaction Zone: If the price of silver successfully breaks through and closes above 38.187, this commodity has the potential to continue strengthening to 35,518.
Momentum Extension Bias: If the 35.518 level is successfully broken through and closes above it, XAG/USD has the potential to continue strengthening to 39.147.
Invalidation Level / Bias Revision
The upside bias weakens when the price of silver weakens and closes below 36.598.
Technical Summary
EMA(50): 37.669.
EMA(200): 37.749.
RSI(14): 64.69.
Economic News Release Agenda:
Tonight, the following economic data will be released from the United States:
US - Unemployment Claims - 19:30 WIB.
US - Philly Fed Manufacturing Index - 19:30 WIB.
US - Flash Manufacturing PMI - 20:45 WIB.
US - Flash Services PMI - 20:45 WIB.
US - Existing Home Sales - 21:00 WIB.
US - CB Leading Index m/m - 21:00 WIB.
US - Natural Gas Storage - 21:30 WIB.
