Silver price forecast update 11-04-2024

Silver Price Analysis

Expected Scenario

• Silver price hovers around the bullish channel’s support line again, noticing that stochastic approaches the oversold areas, waiting to motivate the price to resume the expected bullish trend for today, which its main targets located at 28.75$ followed by 29.40$.
• The EMA50 continues to support the suggested rise, which will remain valid unless breaking 27.50$ and holding below it.

Expected Trading Range

Between 27.80$ support and 28.50$ resistance.