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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Silver has the potential to be pressured down to its nearest support level today
23:51 2026-02-03 UTC--5
Exchange Rates analysis

[Silver]

Even though the RSI(14) indicator for silver is at the Neutral Bullish level, but the two EMAs crossing the Death Cross indicate that silver has the potential to weaken towards its nearest support level.

Key Levels

1. Resistance. 2 : 94.363

2. Resistance. 1 : 89.702

3. Pivot : 84.418

4. Support. 1 : 79.757

5. Support. 2 : 74.473

Tactical Scenario

Pressure Zone: If the price of Silver breaks down below 84.418, it may be pressured toward 79.757.

Momentum Extension Bias: If 79.757 is breached, there is potential to test 74.473.

Invalidation Level / Bias Revision

The downside bias is contained if Silver breaks and closes above 94.363.

Technical Summary

EMA(50) : 85.451

EMA(200): 92.060

RSI(14) : 56.45

Economic News Release Agenda:

Tonight, during the U.S. session, the following economic data will be released:

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

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.