Forecast update for Silver -13-11-2026

Gold declined in its latest intraday trading, settling back below the $3,900 support level, adding to the negative pressure weighing on the price. This comes as the relative strength indicators begin to form a negative crossover after the price managed to offload its oversold conditions, paving the way for further near-term losses. Meanwhile, continued trading below EMA50 maintains negative pressure and reinforces the dominance and stability of the main short-term bearish trend.

The EURUSD pair declined in its latest intraday trading, breaking below the current support level of 1.1060. This came despite positive signals from the relative strength indicators after reaching deeply oversold levels, which failed to translate into an upward move, signaling the pair's underlying bearish momentum and potential for further declines in the near term, amid the dominance of the main short-term bearish trend.

The pair confirmed its shift to a bearish trend after recently breaking below the 0.9745 support level and posting negative closes, with trading currently fluctuating near 0.9685. Given the main indicators' negative momentum signals, we expect the price to continue forming bearish waves, targeting 0.9615 in the near term, followed by an attempt to test the initial support at 0.9580.