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Silver Price Approaches the Target – Forecast for Today, June 26, 2024

by Jennifer

Silver Price Analysis

Expected Scenario:

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Silver prices have broken the $29.30 level, resulting in a bearish rally towards the anticipated negative target of $28.55. The decline appears likely to continue, potentially breaking this level and heading towards $27.62 as the next negative target. Therefore, we anticipate more bearish bias in the upcoming sessions. However, if the price breaches $29.30, it could trigger recovery attempts, with initial gains potentially reaching $30.06.

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Expected Trading Range:

  • Support: $28.30
  • Resistance: $29.20

Trend Forecast:

Bearish

 

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