Midday update for Silver 22-04-2022
Economies.com
2022-04-22 11:56AM UTC
Silver price touched our waited target at 24.20 and attempts to break it, noticing that the price forms double top pattern that we expect to push the price to suffer more losses in the upcoming period, noting that breaking the mentioned level will push the price to 23.15 direct.
Therefore, the bearish trend will remain dominant on the intraday basis unless breaching 25.05 and holding above it.
The expected trading range for today is between 24.00 support and 25.00 resistance.
The expected trend for today: Bearish
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