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Silver price keeps achieving the negative targets - Forecast today - 07-11-2024
Silver price succeeded to achieve our waited target at 31.25$, noticing that the price broke this level to open the way to continue the decline on the intraday and short-term basis, as it achieves bearish correction for the bigger rise measured from 26.41$ to 34.85$, noting that the next station is located at 30.63$, and breaking this level will push the price to visit the next correctional level that extends to 29.64$.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 31.63$ represents the first positive key to attempt to stop the current bearish correction and return to the main bullish track again.
The expected trading range for today is between 30.50$ support and 31.50$ resistance.
Trend forecast: Bearish
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