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Yesterday, silver prices extended their negative trajectory, testing the 24.00 barrier and reinforcing expectations for continued intraday decline. The next significant level to watch for is 23.70.
It’s important to acknowledge that although stochastic indicators are signaling positivity, prompting a potential recovery attempt and a partial rebound from recent losses, any such upward movement could be limited. Breaking through 24.60, however, has the potential to halt the anticipated decline and steer prices back into the primary bullish trend.
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For today, the projected trading range is anticipated to fluctuate between the support at 23.80 and the resistance at 24.60.
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Expected Trend for Today: Bearish
