Midday update for Silver 30-05-2023
Economies.com
2023-05-30 09:17AM UTC
Silver price tested the key support 23.00 but it couldn’t manage to break it, to show positive trades and head towards potential test to the bearish channel’s resistance, and as long as the price is below 23.30, the bearish trend scenario will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target reaches 22.25.
The expected trading range for today is between 22.50 support and 23.50 resistance.
The expected trend for today: Bearish
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