FX.co ★ Silver Forecast for February 11, 2025

After a minor pullback from the breached target level of 32.280, the price is once again attempting to break above it, this time seemingly with confirmation.

The Marlin oscillator has not yet indicated leading growth, which creates the conditions for a gradual price increase. A breakout above 32.280 would open the first upward target at 32.905. Further movement may test the embedded price channel line in the 33.370–33.565 range.

On the four-hour chart, the price is undergoing broad consolidation below 32.280, while remaining above the MACD line. This line supports the price, encouraging a breakout above the 32.280 resistance level.