Midday update for Silver 05-01-2022

Economies.com
2022-01-05 10:37AM UTC

Silver price hovers around the EMA50, waiting to activate the negative effect of stochastic to motivate the price to rally towards 22.20 that represents our main negative target, to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability below 23.15.

 

The expected trading range for today is between 22.40 support and 23.15 resistance.

 

The expected trend for today: Bearish

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