Midday update for Silver 03-06-2022

Silver price settles around 22.40 level since morning, getting positive support by the EMA50, to keep our bullish overview that targets 22.67 level as a next main station, noting that breaching this level will extend the bullish wave to reach 23.45, while the price needs to hold above 21.85 as a first condition to continue the expected rise.

The expected trading range for today is between 22.10 support and 22.80 resistance.

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The expected trend for today: Bullish