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Silver price forecast update 21-05-2024
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Silver price forecast update 21-05-2024
May 21, 2024 3:41 AM

Silver Price Analysis Expected Scenario Silver price shows some bullish bias after approaching the 31.00$ level again this morning, waiting to resume the negative trades to break the mentioned level and confirm extending the correctional bearish wave to target 30.06$ as the next main station. Therefore, we will continue to suggest the bearish trend for today, noting that breaching 31.75$ will stop the expected decline and push the price to recover again. Expected Trading Range Between 31.00$ support and 31.80$ resistance.

Trend Forecast: Bearish

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