Midday update for Silver 05-04-2022
Economies.com
2022-04-05 10:50AM UTC
Silver price shows some bullish bias to test the EMA50, which continues to press negatively on the price, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to continue the negative scenario that depends on the formation of the double top pattern that has negative targets that reach 23.15, while holding below 25.05 represents key condition to continue the expected decline.
The expected trading range for today is between 24.00 support and 24.80 resistance.
The expected trend for today: Bearish
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