Silver price keeps fluctuating - Forecast today - 29-04-2024

Silver Price Analysis

• Silver price still confined between the key levels represented by 26.90$ support and 28.00$ resistance.
• The EMA50 negativity contradicts stochastic positivity, thus, our neutrality will remain valid until now, waiting to breach one of the mentioned levels to detect the next destination clearly.

We remind you that breaking the mentioned support will push the price to resume the correctional bearish track that its next target reaches 26.00$, while breaching the resistance represents the key to return to the main bullish track, to head towards visiting 28.80$ followed by 29.80$ levels as next positive targets.

Expected Trading Range

• Support: 26.70$
• Resistance: 27.60$

Trend forecast: Neutral