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Silver price achieves the extended targets - Forecast today - 13-09-2024
Silver price rallied upwards strongly yesterday to surpass our first target at 29.30$ and reach the second expected target at 30.06$, and the way seems open to surpass this level to achieve more rise in the upcoming period, noting that breaching the last level will push the price towards 31.00$ as a next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, taking into consideration that failing to breach 30.06$ might force the price to achieve some decline and test the key support 29.30$ before any new attempt to rise.
The expected trading range for today is between 29.60$ support and 30.50$ resistance.
Trend forecast: Bullish
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