Silver prices are currently testing a crucial support base as of today, April 2, 2024.

Having previously breached the support level at $24.85, silver has now bounced back from it in a bullish manner. This reaffirms the validity and persistence of the bullish trend, which is further supported by the EMA50 indicator. Additionally, the stochastic indicator is showing positive momentum, which is likely to encourage further upward movement in the price.

Analysts anticipate that the price of silver could reach targets starting at $25.50 and extending to $26.07. However, it is essential for the price to maintain levels above $24.85 to sustain the expected upward trajectory.

For today’s trading, the expected range is between support at $24.85 and resistance at $25.60.

Overall trend forecast: Bullish.