Silver price forecast update 27-03-2024

Economies.com
2024-03-27 09:56AM UTC

Silver Price Analysis

Expected Scenarios

  • Silver price tested the key support 24.30$ and rebounds bullishly from there.
  • Remains confined between the trend keys represented by this support and 24.85$ resistance.
  • Keeps our neutrality valid until now, waiting to surpass one of these levels to detect its next destination clearly.

The contradiction between the technical indicators provides another reason for neutrality, and you can check the expected targets after the breach by reviewing our morning issued report.

Trading Range

The expected trading range for today is between 24.00$ support and 24.90$ resistance.

Trend forecast: Neutral

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