Silver price forecast update 16-04-2024
2024-04-16 09:48AM UTC

Silver Price Forecast

  • Silver price faces clear negative pressure now, to approach the key support 28.00$, which urges caution from the upcoming trading, as breaking this level will complete forming negative pattern that has the ability to push the price to achieve bearish correction that targets testing 26.90$ direct.
  • Until now, the bullish trend scenario still valid unless breaking 28.00$ and holding below it, reminding you that the next main target of the current bullish wave is located at 29.80$.

The expected trading range for today is between 28.00$ support and 29.00$ resistance.

Trend forecast: Bullish

Commodities News

Gold News


Gold edges down and logs in weekly losses
2024-05-24 20:39PM UTC
Gold prices fell on Friday even as the dollar lost ground against a basket of major rivals, with ...
Oil News


Oil prices add over 1.5% following strong manufacturing data
2024-05-23 14:51PM UTC
Global oil prices rose over 1.5% in American trade on Thursday, on track for the first profit in ...
Gold News


Gold plumbs one-week trough after hawkish Fed's minutes
2024-05-23 09:50AM UTC
Gold prices fell in European trade on Thursday on track for the third loss in a row, plumbing ...

Commodities Technical Analysis

Brent oil Analysis


Brent oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since ...


Crude oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price settles around 77.00$ barrier, ...
Gold Analysis


Gold price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Gold Price Analysis Expected Scenario Gold price is testing the key resistance line ...