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Technical analysis: Silver prices fail to maintain positive momentum

by Joy

On June 5, the analysts of Economies.com have the latest opinion today: the price of silver has not been able to stay above 23.70 for a long time, which makes the price again under the influence of corrective downward pressure, and the next target is 23.00.

Therefore, silver still has a downside bias today, a break above 23.50 will help to achieve the expected decline, while a break above 23.70 will stop the current downside expectation and push the price to try to recover and establish an uptrend.

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Today’s expected trading range is between 23.00 support and 23.85 resistance.

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