Silver Price Analysis

Expected Scenario

Silver price faces negative pressure to show some temporary bearish bias, as stochastic negativity interprets the reasons of the current decline. But as long as the price is above 26.65$ support, our bullish overview will remain valid and active, which targets 28.00$ areas as a next main station.

Expected Outcome

Noting that breaching 27.20$ will ease the mission of achieving the suggested target.

Expected Trading Range

Between 26.85$ support and 27.75$ resistance.

Trend Forecast: Bullish