Advertisements

Silver Price Sees Renewed Upswing – Current Forecast as of April 9, 2024

by Jennifer

Following a recent downturn, the price of silver is once again on the upswing, edging closer to the $28.00 mark. Analysts anticipate further gains, with a potential breach of this barrier paving the way for a move towards $28.75, serving as the primary target in the near term.

This positive momentum aligns with the ongoing bullish trajectory, buoyed by consistent support from the EMA50 and indicative of a forthcoming upward wave. However, market watchers caution that a break below $27.05 could disrupt this upward trend, triggering temporary corrective moves before the bullish momentum resumes.

Advertisements

Presently, the anticipated trading range oscillates between support at $27.70 and resistance at $28.50, reflecting the current dynamics in the silver market.

Advertisements

Trend Outlook: Bullish

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News