24K99 News On Thursday (September 19th) in the afternoon session of the Asian market, spot silver maintained a strong rebound trend intraday, with the silver price just touching the $31.00 per ounce mark, rising more than 3% intraday. The well-known financial news website Economies.com published the latest article on Thursday, providing a forward analysis of the silver trend.

The USD index turned downward after reaching 101.45 in the early Asian session, currently around 100.85, providing momentum for the silver price rebound.

According to Economies.com, if the silver price confirms a breakthrough above $31.00 per ounce, this will open up further room for silver price to rise.

(Source: 24K99)

Spot silver closed down 2.1% on Wednesday, at $30.06 per ounce.

Economies.com wrote in the article that the silver price previously successfully reached our expected target of $30.06 per ounce and attempted to break below this level, but the silver price closed yesterday at this level. Silver price attempted to build a bullish trend intraday, first testing $31.00 per ounce, a breakthrough above this level will continue the bullish trend of silver price, heading towards the next bullish target of $31.70 per ounce.

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

Economies.com predicts that the price of silver will tend to rise today.technical indicatorsSending positive signals, this supports the bullish expectations. It should be noted that if the silver price falls below $30.06 per ounce, it will push the silver price further into a bearish trend and fall towards the next bearish target of $29.30 per ounce.

Economies.com expects that today's silver price trading will be between $30.00 per ounce and resistance level of $30.90 per ounce.ResistanceEconomies.com predicts that today's silver price trading will be between $30.00 per ounce and the resistance level of $30.90 per ounce.

Economies.com said that the expected trend for the silver price today is bullish.

At 14:14 Beijing time, the spot silver was priced at 31.00 USD per ounce.