In the latest analysis of silver prices, the market is exhibiting a negative trend as it opens today, with a test of the crucial support level at $27.10. Maintaining consolidation above this pivotal point is imperative to uphold the primary bullish trajectory. A breach below this support level could trigger a downturn, paving the way for a bearish wave targeting $26.35, followed by $25.50.
To sustain the anticipated bullish momentum, the silver price necessitates a surge of positive energy. It’s noteworthy that the next significant target stands at $28.00.
At present, silver is undergoing a critical phase, testing the key support at $27.10. Upholding consolidation above this level is essential to maintain the primary bullish trend. However, failure to do so might result in a downward spiral with anticipated levels at $26.35 and $25.50. A resurgence of positive momentum is vital for the continuation of the expected bullish wave, with the next primary target set at $28.00.
The expected trading range is forecasted between the support level at $26.80 and resistance at $27.55.
Overall, the trend forecast for silver remains bullish, but the market requires additional positive momentum to reinforce this trajectory.
