Silver price within sideways track - Forecast today - 22-04-2024

Silver Price Analysis

Expected Scenario

• The silver price is fluctuating within a sideways track, maintaining stability above the $28.00 level.
• The EMA50 is providing additional support at this level, indicating strength.
• We anticipate the resumption of the bullish trend, targeting $29.80 as the next main station.
• Breaking above $28.95 will reinforce the positive outlook and pave the way for reaching the suggested target.
• However, if the price breaks below $28.00, it may trigger a bearish correction, with the next target at $26.90 before any new positive attempt.

Expected Trading Range

Between the support at $28.10 and the resistance at $28.90