Silver Price Today: Can Silver Recover After Falling Toward $56?

Silver price is trying to recover after another difficult stretch that pushed the metal toward the $56 area. The latest four-hour chart from October 16 shows silver near $57.19 after recently dipping into the mid-$55s. That comes after a broader decline from late-August levels near $70, so the metal is still working through a much weaker structure than it had several weeks ago. What makes the current setup interesting is that buyers have reacted again around the $55-$56 region. That does not confirm a bottom, but it gives the market a clear level to work with.

Source: CaptainAltcoin