Midday update for Silver 28-03-2023

Silver price faces new negative pressure to attack 22.85 level, which urges caution from the upcoming trading, as confirming the break will push the price to suffer intraday losses that target testing 22.13 before any new attempt to rise.

Until now, the bullish trend scenario still active conditioned by the price stability above 22.85, and it needs to step above 23.05 to recover again and head towards 24.00 initially, noting that breaking 22.85 will press on the price to decline towards 22.13 before any new attempt to rise.

The expected trading range for today is between 22.60 support and 23.30 resistance.

The expected trend for today: Bullish