Technical analysis: Silver prices open sharply lower

On June 15, analysts at Economies have the latest opinion today: Silver prices fell sharply at the opening today, breaking through and stabilizing below 23.70, which supports our expectation of a continuation of the corrective downward trend and opens the way to 23.00, which is our It is worth noting that a break above this level will propel the price to visit the next corrective level at 22.25.

Therefore, the bearish signal provided by the stochastics will maintain the downtrend for some time to come, and it is worth noting that a sustained break below 23.70 is important to achieve the suggested target.

Today’s expected trading range is 22.90 support and 23.70 resistance.