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The price of silver has settled below the 23.00 level following yesterday’s positive attempts, sustaining the validity and activity of the bearish trend scenario in the foreseeable future. This trend is influenced by the previously completed head and shoulders pattern, with the awaited target set at 22.25.
Stochastic indicators are indicating a loss in positive momentum, reinforcing the continuation of the suggested bearish wave. The persistence of this bearish outlook is contingent upon the price remaining below 23.00.
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The expected trading range for today is projected to fluctuate between the support level of 22.50 and the resistance level of 23.20.
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Today’s anticipated trend: Bearish
