Silver price forecast update 18-04-2024

Economies.com
2024-04-18 11:11AM UTC

Silver Price Analysis

Expected Scenario

  • Silver price is attempting to return to the bullish channel that appears on the chart.
  • Motivated by the positive overlapping signal provided by stochastic now, waiting for more rise in the upcoming sessions.
  • Reminding you that our main waited target is located at 29.80$.

Expected Outcome

Breaching 28.65$ will ease the mission to achieve the expected rise, which will remain valid unless breaking 28.00$ and holding below it.

Expected Trading Range

Between the 28.10$ support and the 28.90$ resistance.

Trend Forecast: Bullish

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