Silver Price Is Targeting $45 Level

Buyers’ momentum increase

SILVER Price Analysis – 25 September

If the price is higher than $44 and a lot of people purchase it, it will attempt to move up into the $45–$46 range. However, if merchandisers can maintain the $44 pricing posture and the $43 support position is broken, the price of silver may decline and test the $42 and $41 support levels.

XAGUSD Market

Key Levels:

Resistance levels: $44, $45, $46

Support levels: $43, $42, $41

XAGUSD Long-term trend: Bullish

Since August 5, buyers appear to have taken the lead in daily chart requests as silver bounced back after reaching the $40 support level. Strong consumer demand caused prices to rise by $41 over the previous month, but as buying stayed steady and bulls gained ground, the white essence started to soar. Over the last two weeks, buyers have increased their activity, and yesterday they persisted in their bullish effort to challenge bears at the level that was previously advised. When a double bottom map pattern appeared, the impulse began to shift from the $43 hedge to the $44hedge.

Silver’s price has a histogram above zero and is above the Hull Suite forex signals index. The QQE MOD, one of the top forex signal indicators, is showing a positive signal right now. If the price is higher than $44 and a lot of people purchase it, it will attempt to move up into the $45–$46 range. However, if merchandisers can maintain the $44 pricing posture and the $43 support position is broken, the price of silver may decline and test the $42 and $41 support levels.

XAGUSD Medium-term Trend: Bullish

The XAGUSD’s 4-hour chart shows an increasing trend. At around $30 a few weeks ago, a double bottom map pattern emerged, signaling a significant change in course. The first obstacle for Silver is the $40 threshold. It was forbidden to go over the predetermined price arrestment. Due of the guests’ limited purchasing power, the prices are currently over $43 per unit.

Silver is currently rising above the significant dynamic support levels. The QQE MOD makes more use of the buy directive.