Skip to content 
Instrument: Silver
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 24.109 with take profit at 24.011.
Bearish Preference:
A sell position is envisaged if the price trades below 23.945 with take profit at 23.806.
Fundamentals:
None with High Impact
Comment:
Silver could hit $30 per ounce highs over the next six months to a year, with imminent support seen from buyers eyeing value in the metal after its sharpest price slide in a month since February, Citigroup says.
With some market punters seeing the Federal Reserve cutting interest rates by as early as September — despite the central bank’s more hawkish officials advocating tighter monetary policy for the foreseeable future — silver looked fundamentally poised for better returns, Citi’s analysts said.
Analysis: SCRUM Team
