In recent developments, the silver market has seen a notable surge, surpassing the anticipated target of $28.00. With the daily candlestick firmly closing above this threshold, analysts confirm the resilience of the bullish trend, signaling potential for continued upward movement in both short-term and intraday periods. Projections now indicate upcoming targets at $28.90 and $29.80.
Maintaining an optimistic stance, experts assert a bullish outlook for the foreseeable future. However, it’s cautioned that a breach below the $28.00 mark could impede the bullish momentum, potentially instigating correctional bearish pressures.
Today’s trading range is expected to oscillate between the support level of $28.00 and the resistance level of $28.80.
In conclusion, the trend forecast remains bullish, underlining the current momentum in the silver market.