Categories: Technical analysis

Silver Wave Analysis – 29 August 2025

Silver: ⬆️ Buy

– Silver broke the key resistance level 39.50

– Likely to rise to resistance level 41.00

Silver recently broke above the key resistance level 39.50 (former top of wave (3) from the middle of July, as can be seen from the daily Silver chart below).

The breakout of the resistance level 39.50 continues the active short-term impulse wave 3 of the intermediate impulse wave (5) from the end of July.

Given the strong daily uptrend, Silver can be expected to rise to the next resistance level 41.00, target price for the completion of the active impulse wave 3.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Silver

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