Silver price forecast update 24-05-2024

Economies.com
2024-05-24 09:12AM UTC

Silver Price Analysis

Expected Scenario

  • Silver price tested the broken bullish trend line again and keeps its stability below it, to keep the bearish trend suggested for today, and we still waiting to break 30.06$ to confirm rallying towards our next negative target at 29.30$, reminding you that the continuation of the bearish wave depends on the price stability below 30.45$ and the most important below 31.00$.

Expected Trading Range

Between 29.70$ support and 30.60$ resistance.

Trend Forecast: Bearish

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