Silver’s price witnessed a modest increase of 0.35%, reaching $25.11. Hovering above the pivot point of $25.02, it faces resistance at $25.39, with further hurdles at $25.66 and $25.91 potentially capping upward movements.
On the flip side, support levels are positioned at $24.80, $24.56, and $24.33, marking critical junctures for potential price stabilization. The 50-Day and 200-Day Exponential Moving Averages at $24.92 and $24.09, respectively, signal a bullish sentiment prevailing in the market.
As such, the technical outlook for silver remains optimistic above $25.02, though a dip below this critical level could trigger a notable bearish trend.