24K99 News At the end of the Asian market on Tuesday (September 10), spot silver continued its upward trend after yesterday's strong rise. The price of silver is currently around $28.40 per ounce. Economies.com, a well-known financial information website, recently wrote an article on Tuesday to analyze silver trends in a forward-looking manner.

According to Economies.com, the silver price is approaching the initial target of $28.55 per ounce. Once it breaks through this level, this will pave the way for a further sharp rise in silver prices.

Spot silver closed up 1.49% at $28.34 per ounce on Monday.

(Screenshot source: Economies.com)

Economies.com wrote in the article that the price of silver is showing more bullish tendencies and is close to our long-awaited target price of $28.55 per ounce. It should be pointed out that if the silver price continues to rise and break through the above level, this will push the silver price to hit a new bullish target of $29.30 per ounce.

(Spot silver 4-hour chart source: Economies.com)

Economies.com said that as long as the silver price remains above $27.62 per ounce, the bullish trend scenario is still valid; once it falls below this level, it will stop the expected increase and cause the silver price to turn bearish.

Economies.com predicts that today's silver price trading will be between the support level of $28.00 per ounce and the resistance level of $28.90 per ounce.

According to Economies.com, today's expected trend for silver prices is bullish.

At 14:43 Beijing time, spot silver was reported at $28.38 per ounce.