Key highlights:
- Silver is testing the $63 neckline of a double-bottom pattern after falling from around $71
- A break above $65 could open the path toward $70 and the $73 technical target
- The $62 support level is crucial, with a break below it exposing $60, $58 and $54
The places silver around $69.27. That forecast puts the silver price above its current level near $64.16.
For now, it comes down to two levels: $65 and $62. If silver breaks above $65, the double-bottom pattern gets its confirmation, and $70 and $73 come into view. But if it drops below $62, the bullish setup starts to unravel, and the lower support levels come into play.
Source:: Silver Price Forecast: Silver Tests $65 as Bulls Eye a Move to $73