In the latest price analysis for silver, the precious metal has shown signs of strength as it approaches the $28.00 level in recent sessions. Today’s trading session has seen silver attempting to recover, maintaining the validity of the overall bullish trend scenario for the foreseeable future. This positive outlook is further supported by the EMA50, which is providing upward momentum from below, with a target of reaching $29.80 as the next major objective.
It remains crucial for the price to remain above the $28.00 level to sustain the anticipated upward movement. A breach of this level would potentially trigger additional bearish correction, with the next target set at $26.90.
The expected trading range for today is forecasted to be between support at $28.10 and resistance at $28.90.
Overall Trend Forecast: Bullish
