Silver’s Price Prediction: Silver Displaying Fluctuating Movements with Technical Analysis
September 4, 2024Silver Price Forecast: Silver Market Shows Strength, Approaching Key Technical Levels
September 6, 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.