Midday update for Silver 05-06-2023

Economies.com
2023-06-05 09:31AM UTC

Silver price shows new negative trades to press on 23.50 level, waiting to break this level to add more confirmation to the continuation of the bearish trend in the upcoming sessions, reminding you that our next station is located at 23.00.

 

Therefore, the bearish bias will remain dominant and active on the intraday basis, reminding you that it is important to hold below 23.70 to achieve the waited targets.

 

The expected trading range for today is between 23.00 support and 23.85 resistance.

 

The expected trend for today: Bearish

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