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Forecast update for silver-07-08-2026
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Forecast update for silver-07-08-2026
Aug 7, 2026 6:42 AM

Silver price witnessed strong and consecutive series of gains in its last intraday trading, breaching the key resistance level at $63.20, amid the continuation of the positive support that comes from its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis, besides the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels, intensifying the chances of extending these gains in the near upcoming period.

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