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Silver price forecast update 20-05-2024
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Silver price forecast update 20-05-2024
May 20, 2024 5:41 AM

Silver Price Analysis Expected Scenario Silver price shows some bearish bias now, affected by stochastic negativity, and it might achieve a bearish correction and test the 31.00$ barrier before turning back to rise again. In general, holding above the mentioned support keeps the main bullish trend scenario active for the upcoming period, which continues to get support from the EMA50. Reminding you that our next main target extends to 33.70$. Expected Trading Range Between 31.90$ support and 32.80$ resistance.

Trend Forecast: Bullish

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