The price of silver concluded yesterday’s trading session with notable strength, exceeding our previously anticipated second target of $26.07 and settling above this level. This achievement further bolsters the probability of a sustained bullish trend in both the short and medium terms. Analysts point out that the next price milestones are expected to range from $26.60 to $26.95.
Continuing the bullish outlook for the near future, experts highlight the importance of maintaining a price level above $25.50 as a primary condition for the expected continuation of the upward trend. The current market sentiment suggests a bullish trajectory, underpinned by the presence of a bullish channel evident in the charts.
The anticipated trading range for today is anticipated to oscillate between support at $25.90 and resistance at $26.70.
Trend Forecast: Bullish
