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Silver price forecast update 08-05-2024
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Silver price forecast update 08-05-2024
May 8, 2024 3:31 AM

Silver Price Analysis Expected Scenario Silver price trades negatively now to approach the key support 26.90$. Urging caution from the upcoming trading, as breaking this level will stop the morning suggested positive scenario. Pushing the price to return to the correctional bearish track again and open the way to target 26.00$ areas initially. The bullish trend scenario still active as long as 26.90$ remains intact. Reminding you that the waited targets begin at 27.50$ followed by 28.00$. Expected Trading Range Between 27.00$ support and 27.80$ resistance.

Trend Forecast: Bullish

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