Silver Price Forecast

[ameliasu]

• Silver price could test its initial resistance at the ascending channel’s upper boundary at $31.80.
  
• The short-term momentum is robust, as the XAG/USD pair is trading above both the nine- and 14-day EMAs.
  
• The immediate support seems to be around the nine-day EMA at $30.47 and the 14-day EMA at $30.32.