Silver price achieves strong gains - Analysis - 01-12-2022

Silver price provided additional positive trades to succeed reaching our extended target at 22.24, starting today with more bullish bias to attempt to confirm breaching this level, which supports the continuation of the bullish wave on the intraday and short term basis, to head towards visiting 22.86 areas as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that failing to confirm breaching 22.24 will press on the price to achieve temporary decline before any new positive attempt.

The expected trading range for today is between 21.90 support and 22.85 resistance.

The expected trend for today: Bullish