Silver price experienced a robust upward rally yesterday, successfully breaching the significant level of 24.60 and reaching our initial extended target at 25.00. Today, the price begins with further ascent, reinforcing expectations of a continued bullish trend, with the next target anticipated at 25.50.
Despite the current negativity observed in the Stochastic indicator, which may lead to temporary sideways fluctuations, the overall trajectory remains bullish. It is important to note that a break below 24.60 could interrupt the positive scenario, potentially leading to intraday losses.
For today’s trading session, the projected range is expected to fluctuate between the support level of 24.85 and the resistance level of 25.60, reflecting the prevailing market dynamics.
Trend Forecast: Bullish Sentiment
