Silver price forecast update 11-06-2024

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.