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Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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Silver – Thursday, August 7, 2025.
Silver's bias is currently strengthening significantly, where it potentially testing its nearest resistance levels. Although there is a possibility of a correction, as long as the weakening correction is limited and does not break below Support 2, the bias for silver will remain strong throughout the day.
Key Levels
1. Resistance 2: 38,063.
2. Resistance 1: 37,917.
3. Pivot: 37,753.
4. Support 1: 37,607.
5. Support 2: 37,443.
Tactical Scenario
Positive Reaction Zone: If the silver price successfully breaks through and closes above 37.917, it has the potential to strengthen to 38.063.
Momentum Extension Bias: If the 38.063 level is successfully broken through and closes above it, silver has the potential to continue strengthening to 38.227.
Invalidation Level / Bias Revision
Upside bias weakens when the silver price corrects and falls to break through and closes below 37.443.
Technical Summary
EMA(50): 37.79.
EMA(200): 37.55.
RSI(14): 61.12.
Economic News Release Agenda:
Tonight, there will be economic data releases from the United States:
US - Unemployment Claims - 19:30 PM WIB.
US - Prelim Nonfarm Productivity q/q -19:30 PM WIB.
US - Prelim Unit Labor Costs q/q - 19:30 PM WIB.
US - Final Wholesale Inventories m/m - 21:00 WIB.
US - Natural Gas Storage - 21:30 WIB.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
