Silver Price Surrounded by Positive Pressures – Analysis (21 April 2025)

Silver prices closed higher in recent intraday trading, buoyed by the dominance of a bullish corrective trend on the short-term basis. The price is trading alongside an upward trend, signaling the strength of this momentum. Positive signals from the Relative Strength Index (RSI), despite reaching overbought levels, indicate the potential for further gains.

The price is preparing for its next rise towards the current resistance level at $32.90. The positive outlook is further supported by the price trading above the 50-period Exponential Moving Average (EMA50).

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