Silver price forecast update 22-03-2024
Economies.com
2024-03-22 11:31AM UTC
Silver price faces additional negative pressures to attack 24.6$ level this morning, noticing that the price is trying to recover now and test this level in attempt to step above it, motivated by the positive overlapping signal provide by stochastic, to keep the chances valid to rise in the upcoming sessions and keep the bullish trend scenario active for today, which its next target located at 25.50$.
On the other hand, we should note that failing to consolidate above 24.60$ will push the price to decline again and head towards 24.00$ as a first negative station.
The expected trading range for today is between 24.40$ support and 25.10$ resistance.
Trend forecast: Bullish
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