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FX.co ★ Silver has the potential to continue its decline toward its nearest support level today. Wednesday, November 05, 2025.

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Forex Analysis:::2025-11-05T06:21:51

Silver has the potential to continue its decline toward its nearest support level today. Wednesday, November 05, 2025.

[Silver] – [Wednesday, November 05, 2025]

With the RSI positioned in the Neutral-Bearish zone and both EMAs firmly in a Death Cross configuration, Silver is likely to continue its weakness in the near term.

Key Levels

1. Resistance. 2 : 48.707

2. Resistance. 1 : 47.908

3. Pivot : 47.377

4. Support. 1 : 46.578

5. Support. 2 : 46.047

Tactical Scenario

Pressure Zone: If the price breaks down and closes below 47.377, it could move toward 46.578.

Momentum Extension Bias: If 46.578 is breached, Silver will target the level at 46.047.

Invalidation Level / Bias Revision

The downside bias is contained if the price of Silver strengthens and breaks above 48.707.

Technical Summary

EMA(50) : 47.834.

EMA(200): 48.352.

RSI(14) : 47.92.

Economic News Release Agenda:

Tonight, the United States will release several important economic data:

US - ADP Non-Farm Employment Change - 20:15 WIB

US - Final Services PMI - 21:45 WIB

US - ISM Services PMI - 22:00 WIB

US - Crude Oil Inventories - 22:30 WIB

 Silver has the potential to continue its decline toward its nearest support level today. Wednesday, November 05, 2025.

Analyst InstaForex
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