Silver Soars Sharply, Supply Crisis Looms
Silver reached its highest level in decades as a historic short squeeze intensified in London trading, with the renewed price surge adding urgency to the global bullion rush that could ease the mismatch between demand and supply.
The price of silver at the time of this analysis was $51,463
- Buy if the price moves within $51,350
- Sell if the price moves within $51,550
Resistance 2: $51,763
Resistance 1: $51,613
Support 1: $51,313
Support 2: $51,163
Disclaimer: This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id