Silver price begins positively - Forecast today - 18-04-2024

Price Analysis: Silver

Expected Scenario

• Silver price returned to approach the 28.00$ level in the previous sessions and attempts to recover by today’s open, keeping the main bullish trend scenario valid for the upcoming period. This is supported by the EMA50, which carries the price from below, with a target of visiting 29.80$ as the next main target.
• It's important for the price to hold above 28.00$ to continue the expected rise. Breaking this level will force the price into additional bearish correction, with the next target at 26.90$.

Expected Outcome

The expected trading range for today is between 28.10$ support and 28.90$ resistance.