In today’s session, Silver is trading slightly lower at $27.25, marking a decrease of 0.19%. The metal currently sits just above its pivot point at $27.07, suggesting a tentative balance between buyers and sellers.
Immediate resistance is identified at $27.51, with further ceilings at $27.98 and $28.50 that could limit upward movements. Conversely, support levels are established at $26.72, $26.14, and $25.70, where dips might find a floor.
The 50-Day and 200-Day Exponential Moving Averages, at $26.93 and $27.08 respectively, reinforce the pivot point’s role as a critical juncture. Silver shows potential for bullish trends above $27.07, but a descent below this threshold could trigger a significant sell-off.