XAGUSD, H4:
Silver has extended its bullish run, gaining more than 37% since its April low and now trading at its highest level in over a decade. The sustained rally has been supported by strengthening momentum, reinforcing a bullish bias for the precious metal.
Both short- and long-term moving averages are diverging in a classic uptrend formation, underlining the strength of the ongoing rally. Meanwhile, momentum indicators remain supportive— the Relative Strength Index (RSI) is holding in elevated territory, and the MACD continues to trend higher, confirming the persistence of bullish momentum.
As silver continues to chart multi-year highs, technical signals point to the potential for further upside, barring a sharp shift in macro sentiment or profit-taking.
Resistance Levels: 39.40, 41.15
Support Levels: 37.00, 35.50
EURGBP, H4
EUR/GBP is attempting to break out of a short-term downtrend channel while maintaining its position above an established uptrend support, offering a mixed but potentially bullish technical outlook. Despite forming a series of lower highs recently, the pair’s ability to stay above support levels hints at underlying resilience.
A decisive break above the 0.8675 resistance—its previous high—would signal a continuation of the broader bullish trend. However, momentum indicators paint a cautious picture. While the Relative Strength Index (RSI) hovers near the neutral 50 level, the MACD is showing signs of bearish divergence, forming lower highs as the price edges higher.
With price action skewed toward the upside but momentum indicators flashing early warning signs, traders should stay vigilant for possible technical pullbacks before a confirmed breakout unfolds.
Resistance Levels: 0.8717, 0.8800
Support Levels: 0.8650, 0.8560
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!