SILVER

Silver is trading in an upward trend on the medium term, which opens the door for further price increases and the formation of new highs. However, if the price breaks below the $56.10 support level, we may see a retest of the $54.40 area in today’s trading.
|
Support |
56.10 | 54.40 |
| Resistance | 58 |
59 |
Silver delivered a strong performance in today’s trading, supported by improved risk appetite and rising demand for alternative assets amid uncertainty surrounding U.S. monetary policy. The price action broke through short term resistance levels, reinforcing bullish momentum and pushing prices to form higher highs compared to the end of November.
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