Midday update for Silver 25-05-2023

2023-05-25 10:17AM UTC

Silver price trades positively now to move away from 23.00 level, which urges caution from the upcoming trading, as continuing the rise and surpassing 23.15 will lead the price to continue the rise and test 23.70 before turning back to decline again.


Stochastic positivity interprets the reasons of the current rise, waiting to get negative motive that assists to push the price to resume the bearish wave and break 23.00 to rally towards 22.25 as a next negative target.


The expected trading range for today is between 22.50 support and 23.30 resistance.


The expected trend for today: Bearish

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