Silver Price Forecast Update – October 23, 2024

by Jennifer

Silver prices are currently testing the resistance line of a bullish channel, with the upward trend remaining intact as long as the $34.25 level holds. The prices are supported by the EMA50 indicator, reinforcing the bullish outlook. Traders are anticipating a move towards the next key targets of $35.00 and $35.55.

The expected trading range for today is between a support level of $34.20 and a resistance level of $35.10.

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Trend Forecast: Bullish

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