Silver price awaits confirmation signal - Forecast today - 25-04-2024

Silver Price Analysis

• Silver price still stuck between the trend keys represented by 26.90$ support and 28.00$ resistance, facing contradiction between the technical indicators, which makes us continue with our neutrality until the price manages to breach one of the mentioned levels followed by detecting its next targets clearly.

Expected Scenarios

• Note that breaking the mentioned support will push the price to visit the next correctional level at 26.00$, while breaching the resistance will lead the price to attempt to resume the main bullish track and achieve positive targets that start by visiting 28.95$ areas.

Trading Range

• The expected trading range for today is between 26.80$ support and 27.75$ resistance.

Trend forecast: Neutral