280
The current trajectory of silver prices is displaying a minor bearish inclination, as it approaches the 24.00 barrier for testing. Notably, the stochastic indicator has exhibited evident positive momentum and has reached oversold regions. This favorable indicator enhances the likelihood of the continuation of the bullish wave, with the subsequent target being positioned at the 24.60 level.
Given this scenario, the viability of the bullish trend persists and remains active, unless a substantial breach of the 23.70 level occurs, sustained below it.
Advertisements
Anticipated for today is a trading range spanning between the support level at 23.70 and the resistance level at 24.50.
Advertisements
Forecasted trend for today: Primed for Bullish Movement
