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Silver price forecast update 08-04-2024
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Silver price forecast update 08-04-2024
Apr 8, 2024 3:59 AM

Silver Price Analysis Expected Scenario Silver price rallied upwards strongly this morning to succeed touching our waited target at 28.00$, and we believe that the way is open to achieve additional rises and target 28.75$ levels as a next positive station. The bullish trend will remain dominant in the upcoming sessions, supported by the EMA50, taking into consideration that holding above 27.10$ represents key condition to the continuation of the expected rise. Expected Trading Range Between 27.50$ support and 28.30$ resistance.

Trend Forecast: Bullish

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