Silver price forecast update 11-06-2024
2024-06-11 09:21AM UTC

Silver Price Analysis

Expected Scenario

  • Silver price is testing 29.30$, and the price needs to hold below this level to keep the correctional bearish trend active for today, which its next target located at 28.55$.
  • Therefore, we will continue to suggest the bearish trend for today unless breaching 29.30$ and holding above it, which will lead the price to start new recovery attempts that target testing 30.06$ initially.

Expected Trading Range

Between 28.60$ support and 29.55$ resistance.

Trend Forecast: Bearish

Commodities News

Gold News


Gold falls over 1% and marks weekly losses
2024-06-21 20:25PM UTC
Gold prices fell on Friday as the dollar gained ground against most major rivals, with the precious ...
Palladium News


Palladium climbs to three-week high
2024-06-21 15:43PM UTC
Palladium prices rose on Friday with a 3% surge, hitting three-week highs and becoming the best ...
Oil News


Oil approaches second weekly profits as demand improves
2024-06-21 14:52PM UTC
Oil futures were mostly flat on Friday but headed for the second weekly profit in a row amid signs ...

Commodities Technical Analysis

Oil Analysis


End of day crude oil price forecast update - 21-06-2024
2024-06-21 17:17PM UTC
Crude oil price shows more bearish bias to head towards testing the bullish channel’s support ...
Silver Analysis


End of day silver price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Silver price broke 30.06$ level clearly and heads toward achieving more expected decline in the ...
Brent oil Analysis


Brent oil price forecast update 21-06-2024
2024-06-21 09:19AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...