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Silver Price reaches our expected target– Analysis-05-02-2026
Silver prices (SILVER) slipped lower in their recent intraday trading, after the failure to breach the key resistance at $90.00, which turned into selling pressure that pushed the price to decline, reaching our expected target in our previous analysis at $81.30 support.
This decline comes amid the dominance of the bearish corrective trend on short-term basis, affected by breaking main bullish trend line that increased the intense of the negative pressure, and the dynamic pressure continues due to trading below EMA50, accompanied by the emergence of negative signals from relative strength indicators, preferring the continuation of the intraday weakness unless the price manages to settle above the current support.
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