
Silver Price Forecast: Silver Market Shows Strength, Approaching Key Technical Levels
September 6, 2024
Silver Prices Fall as Economic Uncertainties and External Factors Drive Market Decline
September 8, 2024The silver market displayed fluctuating movements on Friday, with traders closely monitoring the 50-day EMA and the key $28.50 level. Market participants are observing whether the market will continue its upward trajectory, with a potential target of $30 if it surpasses previous highs. Despite the current uncertainty, there is significant support around the $28 level in case of a pullback. The market’s volatility is expected to persist due to the metal’s dual role as both a precious and industrial metal, influenced by factors such as global economic trends, the U.S. dollar’s performance, and interest rates.