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2336.705
18.746%
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83.644
2.859%
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1.0703
3.0779%
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5102.93
0.38%
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38271.11
0.47%
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17722.70
0.78%
Silver price breaches the resistance - Forecast today - 29-03-2024
Economies.com
2024-03-29 01:45AM UTC
Silver Price Analysis
Expected Scenario: Bullish Trend
- Silver price ended yesterday with clear positivity, breaching the $24.85 level and closing the daily candlestick above it.
- This activates the positive scenario on the intraday basis and signals a resumption of the main bullish trend.
- We anticipate the price heading towards achieving positive targets, starting at $25.50 and extending to $26.07.
- The bullish bias will likely persist in the upcoming sessions, supported by stochastic positivity.
- Failing to consolidate above $24.85 might trigger a new bearish correction, with initial targets around the $24.30 level.
Expected Trading Range for Today
- Support: $24.70
- Resistance: $25.40
Trend Forecast: Bullish