Silver price forecast update 10-05-2024

Expected Trading Scenarios

• Silver price keeps rising to approach our first waited target at 28.90$ gradually.
• We expect the continuation of the bullish wave within the bullish channel that appears on the chart.
• This is to achieve additional gains that reach the recently recorded high at 29.80$.
• We are waiting for more expected rise in the upcoming sessions.
• It's important to hold above 28.00$ to achieve the suggested targets.

Expected Trading Range

• Support: 28.00$
• Resistance: 28.80$

Trend Forecast: Bullish