Silver price forecast update 28-03-2024

Economies.com
2024-03-28 10:19AM UTC

Silver Price Analysis

  1. Silver price faces expected negative pressure to test the key support 24.30$, while we still monitoring the price and waiting to get clearer signal for the next trend, through breaking the mentioned support or breaching 24.85$ resistance, to keep our neutrality valid until now.
  2. We remind you that breaking the support will push the price to achieve additional bearish correction that its next targets reach 23.85$ followed by 23.40$, while breaching the resistance will lead the price to resume the main bullish trend and target 25.50$ areas initially.

Expected Trading Range

  • Support: 24.10$
  • Resistance: 25.00$
Trend forecast: Neutral

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