On June 19, analysts at Economies have the latest opinion today: Silver prices are fluctuating near the support line of the intraday bullish channel and trying to stay above it, noting that the stochastic indicator shows a clear overbought signal, and now overlaps in a negative pattern, forming negative motivation.
We expect this to push prices lower in the coming sessions to test the 23.70 level. It is worth noting that a break of 23.70 will push the price straight down to 23.00.
We therefore expect negative trading over the next few sessions and need to take into account that failure to break above 24.05 will see price achieve additional gains and test 24.60 before any fresh downside attempts.
The expected trading range today is between support at 23.50 and resistance at 24.35.
