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21.08.202509:55 Forex Analysis & Reviews: Silver commodity asset is testing its nearest resistance. Thursday, August 21, 2025.

[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.

Exchange Rates 21.08.2025 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2025
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