Silver price tests the support base - Forecast today - 02-04-2024
Economies.com
2024-04-02 01:41AM UTC
Silver Price Analysis
Silver price tested the key support formed at 24.85$ after breaching it previously and bounced bullishly from there. This keeps the bullish trend scenario valid and active, supported by the EMA50 that carries the price from below. It is worth noting that stochastic approaches to overlap positively to motivate the price to provide more positive trades.
Our waited targets begin at 25.50$ and extend to 26.07$, noting that it is important to hold above 24.85$ to continue the expected rise.
Trading Range Forecast
The expected trading range for today is between 24.85$ support and 25.60$ resistance.
Trend forecast: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Coffee price renews the positive action – Forecast today – 20-5-2024
2024-05-20 05:49AM UTC
Coffee Price Analysis Expected Scenario The coffee price took advantage of the MA55 ...
Commodities
Natural gas price approaches the second target – Forecast today – 20-5-2024
2024-05-20 05:49AM UTC
Natural Gas Price Analysis Expected Scenario The natural gas price resumed the bullish ...
Commodities
Platinum price tends to resume the bullish attack – Forecast today – 20-5-2024
2024-05-20 05:42AM UTC
Platinum Price Analysis Expected Scenario The platinum price repeated attempts to breach ...