Silver price approaches the second target - Analysis - 14-03-2023

Silver price approached 22.00 barrier, showing sideways trades now, waiting to gather positive momentum that assists to push the price to resume the expected bullish wave on the intraday basis, which its next target located at 22.13.

The EMA50 carries the price from below, reinforcing the chances of achieving more gains in the upcoming sessions, noting that surpassing the suggested target will push the price to 23.05 as a next positive target.

On the other hand, we should note that breaking 21.40 followed by 20.64 levels will stop the expected bullish wave and press on the price to decline again.

The expected trading range for today is between 21.35 support and 22.10 resistance.

The expected trend for today: Bullish