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11.02.2025 11:22 AM
Silver Forecast for February 11, 2025

After a minor pullback from the breached target level of 32.280, the price is once again attempting to break above it, this time seemingly with confirmation.

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The Marlin oscillator has not yet indicated leading growth, which creates the conditions for a gradual price increase. A breakout above 32.280 would open the first upward target at 32.905. Further movement may test the embedded price channel line in the 33.370–33.565 range.

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On the four-hour chart, the price is undergoing broad consolidation below 32.280, while remaining above the MACD line. This line supports the price, encouraging a breakout above the 32.280 resistance level.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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