Silver price awaits the confirmation signal - Forecast today - 28-03-2024

Economies.com
2024-03-28 03:08AM UTC

Silver Price Analysis

Trading Range Bound

Silver price remains constrained between key levels at 24.30$ support and 24.85$ resistance.

Neutrality persists until a breakout occurs.

Technical Indicators

Negativity in technical indicators favors a potential bearish trend.

Bearish correction towards 23.85$ and 23.40$ is possible upon breaking support.

Breaking resistance at 24.85$ could signal a return to the main bullish trend with targets at 25.50$ and 26.07$.

Trading Range

Expected trading range for today: 24.10$ support - 25.00$ resistance.

Trend forecast: Neutral

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