Midday update for Silver 26-05-2023
Economies.com
2023-05-26 09:16AM UTC
Silver price shows clear positive trades, to breach 23.00 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming breaching this level represents positive factor that will stop the recently suggested negative scenario and push the price to visit 23.70 level mainly.
The EMA50 continues to press negatively on the price to support the chances of continuing the bearish trend in the upcoming sessions, waiting to break 23.00 again to revive the bearish trend scenario that its next target located at 22.25.
The expected trading range for today is between 22.30 support and 23.10 resistance.
The expected trend for today: Bearish
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