Silver price surpasses the target - Analysis - 17-11-2023

Economies.com
2023-11-17 04:05AM UTC

Silver price breached our waited target at 23.70 clearly and closed the daily candlestick above it, to confirm the continuation of the bullish trend domination on the intraday and short-term basis, and the way is open to move towards our next target that reaches 24.60.

 

The price might show some temporary sideways fluctuation until gaining positive momentum that assist to rally towards the suggested target, noting that breaking 23.70 will stop the positive scenario and push the price to decline again.

 

The expected trading range for today is between 23.60 support and 24.30 resistance.

 

The expected trend for today: Bullish

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