Technical analysis: Silver prices resume losses

On June 20, analysts at Economies have the latest opinion today: silver prices successfully broke through the support line of the intraday bullish channel, strengthening expectations for a continuation of the downward trend, approaching the first target we are waiting for at 23.70, reminding you that breaking through this level will Continue the decline to reach the next major target at 23.00.

Noting that price needs to stay below 24.15 to ensure continued decline over the next few sessions, a break above this level would see price realize a rally and test 24.60 before turning lower again.

Today’s expected trading range is between 23.40 support and 24.20 resistance.