Midday update for Silver 14-03-2023

Silver price shows some bearish bias to approach testing the key support base 21.40, and the price needs to consolidate above this level to keep the bullish trend active, reminding you that our targets begin at 22.13 and extend to 23.05 after breaching the previous level.

Stochastic negativity interprets the reasons of the current negative fluctuation, while the expected bullish trend will remain valid unless breaking 21.40 followed by 20.64 levels and holding below them.

The expected trading range for today is between 21.35 support and 22.10 resistance.

The expected trend for today: Bullish