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Silver (XAG/USD) opened today's Friday session near 32.280, which signals potential for further growth toward the nearest target of 32.905, the peak from October 4, 2024.
The next target could be the significant intersection of the 33.565 level with the embedded line of the green upward price channel. The Marlin oscillator's signal line is gradually turning upward.
In the four-hour timeframe, the price is currently testing indicator lines, while the Marlin oscillator has just moved into positive territory, attempting to consolidate there. A simultaneous breakout of resistance levels by both the price and the oscillator could provide an additional bullish impulse.
We expect silver to reach its first target of 34.200 in the near term.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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