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2417.755
22.865%
79.979
1.648%
1.0872
1.5474%
5307.28
0.13%
39999.01
0.20%
18551.55
0.11%
Silver price begins with clear positivity - Forecast today - 06-05-2024
Economies.com
2024-05-06 04:09AM UTC
Silver Price Analysis
Expected Scenarios
Silver price opens today’s trading with clear rise to test the key resistance 26.90$, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the intraday bearish trend scenario active, which targets testing 26.00$ initially.
The EMA50 meets the mentioned resistance to add more strength to it and protect the suggested negative scenario, which its targets extend to 25.15$ after surpassing the previous level, taking into consideration that breaching 26.90$ followed by 27.30$ levels will stop the bearish wave and lead the price to turn to rise.
Trading Range for Today
Support: 26.40$
Resistance: 27.20$
Trend forecast: Bearish
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