20
Silver prices have met the anticipated negative target of $27.00 and have rebounded to test the key resistance level at $27.62. The market is now poised to resume its bearish trend, aiming for the previously recorded low of $26.12.
We maintain a bearish outlook for the upcoming period, highlighting that a breach of the $27.62 resistance level would halt the negative scenario and potentially drive the price up to $28.55.
Today’s expected trading range is between the support level of $26.50 and the resistance level of $27.60.
Related topic: