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Silver price approaches the first target - Analysis - 20-10-2022
Silver price resumed its negative trading clearly to approach our first waited target at 18.00, and we expect the continuation of the bearish bias to surpass this level and head towards 17.60 as a next negative target, as the price falls under continuous negative pressure coming by the EMA50.
On the other hand, we should note that breaching 18.80 will stop the expected decline and lead the price to achieve additional bullish correction that its next target reaches 19.27.
The expected trading range for today is between 17.70 support and 18.60 resistance.
The expected trend for today: Bearish
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