Silver price tests 22.90 level, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend valid for today, as breaching it will push the price to visit 23.35 before any new attempt to decline, while breaking 22.45 represents negative factor that will assist to push the price towards our first waited negative target at 21.65.

The expected trading range for today is between 22.10 support and 23.00 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0432	-0.0112	1.0660%
The EURUSD loses momentum – Analysis - 16-05-2022
	GBP/USD	1.2229	-0.0120	0.9725%

	Silver	21.132	-0.992	4.482%

	Oil	109.172	2.015	1.880%
Crude oil price hits the target – Analysis - 16-05-2022
	Brent Oil	110.10	-1.37	1.23%

	Gold	1799.310	-69.550	3.721%
Gold price keeps declining – Analysis - 16-05-2022

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