Silver Price Forecast Update – October 10, 2024

by Jennifer

Silver prices have remained relatively stable, hovering around the $30.50 level without exhibiting significant movement. The anticipated bearish trend for today remains unchanged, contingent upon the price’s stability below the $31.00 mark. To confirm the downward trajectory, a break below $30.06 is essential, with the next key target set at $29.30.

Today’s expected trading range is between a support level of $30.06 and a resistance level of $30.90.

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Trend Forecast: Bearish

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