Silver price achieves clear gains - Analysis - 27-01-2023

Economies.com
2023-01-27 05:01AM UTC

Silver price rallied upwards clearly yesterday to attempt to approach our first positive target at 24.55, but it declines again to retest the breached resistance that appears on the chart, accompanied by stochastic head towards the oversold areas, waiting to motivate the price to resume the bullish bias and visit 24.55 level as a first main target.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 23.55 and holding below it.

 

The expected trading range for today is between 23.55 support and 24.40 resistance.

 

The expected trend for today: Bullish

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