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Silver Price Forecast – June 24, 2024: Bearish Trend Continues

by Jennifer

Silver Price Analysis

Silver prices experienced significant negative pressure in recent sessions, breaking below the critical level of $30.06 and currently trading at $29.30. This decline indicates a continued downward trend, with the next target set at $28.55.

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Expected Scenario

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The bearish trend is expected to persist today. If the price breaks through the $28.55 level, it may continue to fall towards $27.65. Conversely, a breach above $30.06 could signal the start of a new bullish wave and potentially end the current bearish correction.

Expected Trading Range

Support: $29.00
Resistance: $29.85

Trend Forecast: Bearish

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