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.


Expected Trading Range


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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