Silver Price Forecast Update – October 18, 2024

by Jennifer

Silver prices are currently encountering solid resistance at the $32.00 level. A breakthrough above this barrier would pave the way for a test of the $32.50 mark, which is the next main target. If prices surpass $32.50, they could move directly towards $33.00. The bullish outlook remains intact as long as silver holds above the $31.00 level.

For today, the anticipated trading range is between a support level of $31.70 and a resistance level of $32.60.

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Trend Forecast: Bullish

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