Midday update for Silver 23-01-2023

Silver price faces negative pressure to attack 23.80 level, which urges caution from the upcoming trading, as holding below it will stop the recently suggested positive scenario and push the price to decline towards 23.05 areas before any new positive attempt.

Therefore, we prefer to stay aside until we get clearer signal for the next trend through monitoring the price behavior according to 23.80 level.

The expected trading range for today is between 23.40 support and 24.10 resistance.

The expected trend for today: Neutral