Silver Price Exceeds Target, Bullish Trend Continues – 10-05-2024

by Jennifer

The silver price has not only reached but exceeded our projected target of $28.00, with the daily candlestick closing above this level. This confirmation solidifies the ongoing dominance of the bullish trend and paves the way for further gains in both the short-term and intraday periods. The subsequent targets are identified at $28.90 and $29.80.

Consequently, our bullish outlook remains intact for the foreseeable future. However, it is crucial to remain vigilant as a breach below $28.00 could potentially disrupt the bullish momentum and reintroduce correctional bearish pressure.


The expected trading range for today is anticipated to fluctuate between the support level at $28.00 and the resistance level at $28.80.


Trend Forecast: Bullish

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