Forecast update for Silver -03-11-2026

Gold declined in its latest intraday trading, reaching the key support level of $3,900, which was our morning target. This decline comes amid continued negative pressure from trading below its EMA50, reinforcing the dominance and stability of the main short-term downtrend. Meanwhile, the relative strength indicators continue to signal negative momentum, adding to the downside pressure on the price.

The EURUSD pair declined in its latest intraday trading, amid continued negative signals from the relative strength indicators, while the stubborn resistance level at 1.1190 remains intact. The decline has also pushed the pair below its EMA50 support, potentially exposing it to further downside pressure and signaling additional losses in the near term.

The pair resisted bearish pressure, supported by the strength of the support level at 189.25. It has recently formed several bullish waves, allowing it to stabilize above the resistance barrier at 192.30 and record further gains, currently trading near 192.90.