
Silver Prices Predicted to Possibly Drop to 200-Day MA Support at $26.62 as Bearish Outlook Prevails
September 5, 2024
Silver Prices Drop Below $28.40 Amid Concerns Over China’s Economic Slowdown
September 5, 2024The silver market’s recent trading session showed indecision as it attempted to establish a support level, emphasizing the significant volatility present. Numerous concerns revolve around industrial demand, with the key resistance level at $28.50 that, if broken, could propel prices higher towards $30. Conversely, a breakdown could lead to a potential drop to the well-supported $26.50 level, possibly forming a complex head and shoulders pattern. Overall, navigating this turbulent market poses challenges for traders, making it essential to exercise caution.



