Silver price forecast update 16-04-2024

Silver Price Forecast

• Silver price faces clear negative pressure now, to approach the key support 28.00$, which urges caution from the upcoming trading, as breaking this level will complete forming negative pattern that has the ability to push the price to achieve bearish correction that targets testing 26.90$ direct.
• Until now, the bullish trend scenario still valid unless breaking 28.00$ and holding below it, reminding you that the next main target of the current bullish wave is located at 29.80$.

The expected trading range for today is between 28.00$ support and 29.00$ resistance.

Trend forecast: Bullish