Midday update for Silver 08-06-2023

2023-06-08 09:43AM UTC

Silver price returns to attack 23.00 level, motivated by the positive overlapping signal provided by stochastic, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario valid for today, which targets 23.00 as a next station.


We should note that confirming breaching 23.70 will lead the price to turn to rise and achieve gains that start by visiting 24.00 followed by 24.60 areas.


The expected trading range for today is between 23.00 support and 23.90 resistance.


The expected trend for today: Bearish

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