Silver Analysis | Will the Price Reach 32.628?

🔍 Technical Analysis of Silver | What’s Your Opinion?
Before diving into today’s analysis, we’d love to hear your thoughts! Do you also expect silver to reach 32.628? Share your view in the comments!

Silver Price Movement Analysis

The 15-minute Heikin Ashi chart for silver shows that after a sharp downward movement, the price has corrected and is now consolidating in the 32.048 - 32.075 range. If buying pressure continues, we expect the price to move toward 32.628.

📌 Key Levels:
• Support: 32.000 - 31.950
• Resistance Target: 32.628

Market Outlook

Currently, silver is attempting to establish a higher low, suggesting a potential upward momentum. The price has recovered from its recent dip, forming a structure that aligns with a possible bullish continuation. If the price sustains above 32.075, it could trigger a move toward our expected target.

However, traders should monitor volatility and volume levels before committing to any decision. A break below 32.000 could invalidate this bullish outlook and lead to further declines.

What’s your take on silver’s next move? Let us know in the comments! 🔥

Analysis by Brokerir