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Silver price forecast update 22-05-2024
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Silver price forecast update 22-05-2024
May 22, 2024 3:42 AM

Silver Price Analysis Expected Scenario Silver price crawls downwards to move away from 32.00$ barrier, noticing that stochastic overlaps negatively to motivate the price to decline in the upcoming sessions, to keep the bearish trend valid and active for today, reminding you that our waited target is located at 31.00$. The continuation of the bearish wave depends on the price stability below 32.15$ and the most important below 32.50$, as breaching these levels will stop the bearish correction and push the price to resume the main bullish trend again. Expected Trading Range Between 31.20$ support and 32.20$ resistance.

Trend Forecast: Bearish

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