FX.co ★ Silver still has the potential to continue strengthening today to its nearest resistance level. Thursday, August 7, 2025.

Silver – Thursday, August 7, 2025.

Silver's bias is currently strengthening significantly, where it potentially testing its nearest resistance levels. Although there is a possibility of a correction, as long as the weakening correction is limited and does not break below Support 2, the bias for silver will remain strong throughout the day.

Key Levels

1. Resistance 2: 38,063.

2. Resistance 1: 37,917.

3. Pivot: 37,753.

4. Support 1: 37,607.

5. Support 2: 37,443.

Tactical Scenario

Positive Reaction Zone: If the silver price successfully breaks through and closes above 37.917, it has the potential to strengthen to 38.063.

Momentum Extension Bias: If the 38.063 level is successfully broken through and closes above it, silver has the potential to continue strengthening to 38.227.

Invalidation Level / Bias Revision

Upside bias weakens when the silver price corrects and falls to break through and closes below 37.443.

Technical Summary

EMA(50): 37.79.

EMA(200): 37.55.

RSI(14): 61.12.

Economic News Release Agenda:

Tonight, there will be economic data releases from the United States:

US - Unemployment Claims - 19:30 PM WIB.

US - Prelim Nonfarm Productivity q/q -19:30 PM WIB.

US - Prelim Unit Labor Costs q/q - 19:30 PM WIB.

US - Final Wholesale Inventories m/m - 21:00 WIB.

US - Natural Gas Storage - 21:30 WIB.