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GBPJPY Breaks Resistance – Forecast for March 5, 2025

The GBPJPY currency pair experienced a strong bullish rally on Tuesday, breaking through the bearish channel's resistance at 190.55. This breakout led to significant...
HomeLatestSilver Price Sees Positive Momentum, but Downward Pressure Remains (March 3, 2025)

Silver Price Sees Positive Momentum, but Downward Pressure Remains (March 3, 2025)

Silver price has recently shown positive movement, pushing above the $31.00 mark, supported by the positive signals from stochastic indicators. However, the 50-period exponential moving average (EMA50) continues to exert downward pressure on the price, suggesting that the negative outlook remains valid in the near term.

Despite the short-term bullish momentum, the price is likely to test the $30.63 level as its first target. Traders should remain cautious as the prevailing bearish trend may prevail in the upcoming sessions.

Trend Forecast: Bearish

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