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Silver price witnessed additional positive trades in the last session, bringing it closer to the long-anticipated main target at 23.70. The slight bearish bias, influenced by stochastic negativity, may be temporary, with expectations of gathering positive momentum to drive the price to new highs in the upcoming sessions.
It’s crucial to monitor the breach of the 23.70 level, as it could extend the bullish wave, targeting the 24.60 areas. Conversely, a break of 23.00 would introduce a negative factor, potentially leading the price back to the bearish trajectory, targeting 22.25 and below.
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The expected trading range for today is set between the support at 22.90 and resistance at 23.80.
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Anticipated Trend for Today: Bullish
