Silver price leans on the channel’s support line - Forecast today - 11-04-2024

Silver Price Analysis

Expected Scenario

• The silver price tested the bullish channel’s support line and maintains stability above it.
• It aims to resume the main bullish trend.

Expected Outcome

Stochastic is attempting to gather positive momentum to support the bullish expectations.

Note that breaking 27.50$ may stop the bullish trend and initiate intraday bearish correction.

Expected Trading Range

Between 27.80$ support and 28.50$ resistance.