Key highlights:
- The silver price has rebounded, but traders remain split on whether it’s a recovery or a bull trap
- The silver price needs to clear the 100-day SMA near $63.32 to strengthen the recovery
- Fed rate expectations and weak US jobs data are keeping silver volatile
The , the silver price could trade around $57.17 over the next month, indicating the market may retest key support if buyers fail to push above the $63.32 resistance level.
Source:: Silver Price Forecast: Is the 2011 Crash Pattern Repeating?