Midday update for Silver 16-05-2022

2022-05-16 09:42AM UTC

Silver price shows some bullish bias now after the negative attempt that it witnessed this morning, and stochastic continues to provide the negative signals to keep the chances to continue the bearish trend for the upcoming period, which gets continuous support by the EMA50, reminding you that our next target extends to 19.75, while breaching 21.65 will stop the expected decline and lead the price to start correctional bullish wave on the intraday basis.


The expected trading range for today is between 20.50 support and 21.30 resistance.



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The expected trend for today: Bearish

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