
Silver Price Prediction – Silver Continues to Threaten Significant Resistance Wall
Monday’s trading session began with a retracement in the silver market, but the metal’s price has since recovered.
Monday’s trading session began with a retracement in the silver market, but the metal’s price has since recovered.
Tuesday’s trading session began with a decline in silver prices, but the market has since shown signs of life again.
The silver market has rebounded this week from the important $18 level, which continues to provide considerable support.
The silver market sank dramatically over the trade week, and it currently appears that we are once again challenging the $18 level.
The silver market opened Wednesday’s trading session with a gap to the downside and is currently trading slightly over the $19 level.
During Tuesday’s trading session, silver markets retreated a touch as we hover near the 50-day exponential moving average.
In early trade, the gold of 10 grams of yellow metal (24-karat) stayed constant at Rs 51,000.
During Monday’s trading session, silver prices exploded to the upside, and it now appears like we are hell-bent on testing the $20 barrier.
During Tuesday’s trading session, silver prices have moved a tad lower but continue to find some support underneath.
Thursday’s silver markets were relatively quiet as traders awaited Jerome Powell’s address on Friday.