Silver price forecast update 19-04-2024

Economies.com
2024-04-19 10:43AM UTC

Silver Price Analysis

Expected Scenario

  • Silver price returns to test the key support at 28.00$.
  • The EMA50 attempts to protect the expected positive scenario for today.
  • Waiting to resume the bullish wave that its next main target reaches 29.80$.
  • Reminding you that breaching 28.95$ will ease the mission to achieve the suggested target, while holding above 28.00$ represents a major condition for the continuation of the expected rise.

Expected Trading Range

Between 28.25$ support and 29.20$ resistance.

Trend Forecast: Bullish

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