Silver price achieves the new positive targets - Forecast today - 12-04-2024

Silver Price Analysis

Expected Scenario

• Silver price resumes the bullish rally to achieve the first waited target at 28.75$, showing further rise to surpass this level and confirm opening the way for more expected gains in the upcoming sessions.
• The next target is located at 29.40$.
• The bullish channel continues to organize the suggested bullish wave, supported by the EMA50.
• Continuation of the bullish trend requires holding above 28.25$.

The expected trading range for today is between 28.55$ support and 29.30$ resistance.

Trend Forecast

Bullish