Silver Price

Silver Price Should Bounce Very Soon | Gold Silver Reports

Silver price has retested a historical support and is ready to follow up a long trade. We can see a daily confirmation of buyers in the POC zone. If the market makes a bounce in the zone we could see a retest of M L3 and M H3 levels. M L3 is 24.83 and 26.09 could be the target. For bulls to win this swing the price needs to stay above 23.00.

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Gold Price

Silver Prices Resistance Key at 24.10

Spot Silver prices still unable to beat key resistance at 24.10 despite gains in Gold. Gold outlook is positive holding above $1775 to target $1780 then $1790 & perhaps as far as minor resistance at 1795. A break higher targets 1800. Expect strong resistance at 1812.

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MCX Silver Tips: Buy MCX September Silver Futures at Rs 81,200—81,000 with a stop loss

Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai

Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.” 

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