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FX.co ★ Despite the potential for a limited correction, Silver remains bullish on Tuesday. September 16, 2025.

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Forex Analysis:::2025-09-16T05:04:27

Despite the potential for a limited correction, Silver remains bullish on Tuesday. September 16, 2025.

[Silver] – [Tuesday, September 16, 2025]

All technical indicators are bullish, although a divergence on the RSI indicates the potential for a limited correction.

Key Levels

1. Resistance 2: 43,160

2. Resistance 1: 42,900

3. Pivot: 42,435

4. Support 1: 42,175

5. Support 2: 41,710

Tactical Scenario

Positive Reaction Zone: If the price breaks out and closes above 42,900, Silver has the potential to move to 43,160.

Momentum Extension Bias: If the 43,160 level breaks out and closes above it, 43,625 will be the next target to be tested.

Invalidation Level / Bias Revision

The upside bias weakens when the Silver price weakens and closes below 41,710.

Technical Summary

EMA(50): 42.117

EMA(200): 41.833

RSI(14): 51.55 + Divergent

Economic News Release Agenda:

Today, the following economic data will be released from the United States:

US - Core Retail Sales m/m - 19:30 WIB

US - Retail Sales m/m - 19:30 WIB

US - Import Prices m/m - 19:30 WIB

US - Capacity Utilization Rate - 20:15 WIB

US - Industrial Production m/m - 20:15 WIB

US - Business Inventories m/m - 21:00 WIB

US - NAHB Housing Market Index - 21:00 WIB

Despite the potential for a limited correction, Silver remains bullish on Tuesday. September 16, 2025.

Analyst InstaForex
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