Silver price forecast update 26-04-2024

Silver Price Analysis

Expected Scenario

• Silver price provides slight positive trades to gradually crawl towards the key resistance 28.00$.
• This level represents one of the next trend keys besides 26.90$ support.
• We continue with our neutrality until the price confirms surpassing one of these levels followed by detecting its next destination clearly.

Details of Targets and Support

• Breaking the resistance will push the price to build a bullish wave that targets begin at 28.80$ followed by 29.80$.
• Breaking the support will force the price to achieve new bearish correction that targets 26.00$ as a next negative station.

Expected Trading Range

Between 26.90$ support and 27.90$ resistance.