Silver price forecast update 21-03-2024
Economies.com
2024-03-21 09:08AM UTC
Silver price faces strong negative pressure to break 25.50$ and attempts to hold below it, to hint potential turn to decline, and we prefer to stay aside until the price confirms its situation according to the mentioned level followed by detecting its next destination clearly.
Note that confirming the break will force the price to achieve more decline and head to visit 24.60$ areas before any new positive attempt, while stepping above it and consolidating above it will reactivate the positive scenario that its next target located at 26.07$.
The expected trading range for today is between 25.50$ support and 26.30$ resistance.
Trend forecast: Bullish
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