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Silver Price Begins with Strong Positivity – Forecast for June 20, 2024

by Jennifer

Expected Scenario

Silver opened today with a robust increase, breaching the $30.06 level and attempting to hold above it. This suggests a potential bullish wave and recovery in the upcoming sessions. However, it is prudent to remain cautious until the price confirms its position relative to this key level, ensuring a clear understanding of the next move. The stochastic indicator is showing signs of losing its positive momentum, which may cause the price to decline again.

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Expected Trading Range

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For today, the expected trading range for silver is between the $29.65 support and the $30.60 resistance.

Trend Forecast: Neutral

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