Silver Forecast for May 31, 2024 | Metals Mine

  • Silver Forecast for May 31, 2024

    From forex24.pro

    The quotes of XAG/USD continue to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, prices for Silver are 31.35. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a decline in the value of the metal and a test of the support level near the area of ​​29.65. Where can we expect an upward rebound and continued growth in the price of Silver ... (full story)

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lita21
May 31, 2024 4:30am
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It's interesting to see that the gold spot price has bounced off the key support level at the 50-day moving average. This indicates a potential reversal in the short-term trend. Factors such as geopolitical tensions, inflation concerns, and fluctuations in the US dollar can influence gold prices. It's essential to monitor these factors closely to make informed decisions in gold investing.
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