Silver Price Exceeds Target, Bullish Trend Continues – 10-05-2024

by Jennifer

The silver price has not only reached but exceeded our projected target of $28.00, with the daily candlestick closing above this level. This confirmation solidifies the ongoing dominance of the bullish trend and paves the way for further gains in both the short-term and intraday periods. The subsequent targets are identified at $28.90 and $29.80.

Consequently, our bullish outlook remains intact for the foreseeable future. However, it is crucial to remain vigilant as a breach below $28.00 could potentially disrupt the bullish momentum and reintroduce correctional bearish pressure.

Advertisements

The expected trading range for today is anticipated to fluctuate between the support level at $28.00 and the resistance level at $28.80.

Advertisements

Trend Forecast: Bullish

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News