Silver price achieves strong gains - Analysis - 02-02-2023

Economies.com
2023-02-02 05:14AM UTC

Silver price breached 23.55 level strongly to open the way to resume the main bullish wave, starting today with additional bullish bias to gradually approach the first waited positive target at 24.55, noting that surpassing this level will push the price to 25.00 as a next main target.

 

Therefore, we expect to witness more rise in the upcoming sessions, noting that the continuation of the bullish wave requires holding above 23.65.

 

The expected trading range for today is between 23.90 support and 24.70 resistance.

 

The expected trend for today: Bullish

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