Forecast update for silver-28-07-2026

Silver prices settle lower during their latest intraday trading, affected by breaking a bullish corrective trend line on the intraday levels, accompanied by surpassing EMA50’s support, which put it under the negative pressure to decline towards the key support level at $57.00, accompanied by the positive signals that come from the relative strength indicators after reaching oversold levels, which helped it to settle temporarily, attempting to offload some of the oversold levels. 

Gold prices deepened its losses during their latest intraday trading, breaking a bullish corrective trend line on the short-term basis, accompanied by surpassing EMA50’s support, intensifying the negative pressures and suggesting more losses in the near upcoming period, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

The EURUSD pair kept declining in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of a full recovery on the near-term basis, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

Despite forming mixed sideways trading by coffee price, it didn’t affect the main bullish trend due to its stability above the main support at 275.80 besides the attempt to form extra support by the moving average 55 stability near 301.10.

We recommend waiting to begin gathering extra positive momentum to ease the mission of surpassing 337.50 level and holding above it to confirm its readiness for targeting new bullish stations that begin at 357.00 and 375.00.

The expected trading range for today is between 310.00 and 357.00

Trend forecast: Bullish