Advertisements

Silver Price Resumes Decline, Aiming for $22.25 Target

by Jennifer

Silver prices have initiated a new round of negative trades, distancing from the $23.00 level. This further strengthens expectations for a sustained bearish trend in the upcoming sessions, with the primary target set at $22.25.

The negative scenario remains active, supported by the downward pressure exerted by the EMA50. It’s crucial to monitor the $23.00 level, as a breach would interrupt the current negative momentum and initiate intraday recovery attempts.

Advertisements

Traders should focus on the $22.30 support level and the $22.95 resistance level as key indicators for potential price movements.

Advertisements

Expected Trading Range: $22.30 (Support) – $22.95 (Resistance)

Expected Trend: Bearish

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News