Midday update for Silver 06-03-2023
Economies.com
2023-03-06 10:39AM UTC
Silver price retests the breached neckline of the double bottom pattern, and the price needs to consolidate above the current areas to keep the bullish trend scenario active for today, which its targets begin at 21.40 and extend to 21.85 followed by 22.13.
On the other hand, we should note that breaking 21.10 will put the price under negative pressure that targets testing 20.64 before detecting the next destination clearly.
The expected trading range for today is between 20.95 support and 21.70 resistance.
The expected trend for today: Bullish
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