Midday update for Silver 31-01-2023

Economies.com
2023-01-31 10:31AM UTC

Silver price declined strongly to break 23.55 and reach 23.05, and we suggest the continuation of the negative pressure to break this level and suffer additional losses that reach 22.55 as a next negative station, to make the bearish bias suggested in the upcoming sessions, noting that consolidating above 23.05 will lead the price to start recovery attempts and achieve gains that start by testing 23.70 areas.

 

The expected trading range for today is between 22.80 support and 23.40 resistance.

 

The expected trend for today: Bearish

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