Silver price forecast update 17-04-2024

Trend Forecast for Silver Price

Expected Scenario upon Moving Away from 28.00$ Level

• Silver price resumes its positive trading to move away from 28.00$ level.
• Expectations of continuing the bullish trend for the rest of the day are reinforced.
• Our next main target reaches 29.80$.

Expected Scenario in Case of Breaching 28.85$

• Breaching 28.85$ will ease the mission of rallying towards the suggested target.
• The bullish trend will remain active unless breaking 28.00$ and holding with a daily close below it.

Expected trading range for today: Between 28.00$ support and 28.80$ resistance.

Trend forecast: Bullish