Silver price approaches the target - Analysis - 06-03-2023
Economies.com
3 months ago
Silver price resumed its positive trades to surpass the EMA50 and approaches our waited target at 21.40, noticing that the price completed forming double bottom pattern that its signs appear on the chart, which has positive targets that surpass the mentioned level to reach 21.85 followed by 22.13.
Therefore, we expect to witness more bullish bias in the upcoming sessions, taking into consideration that failing to breach 21.40 will stop the positive scenario and press on the price to rebound bearishly towards 20.40 areas initially.
The expected trading range for today is between 20.95 support and 21.70 resistance.
The expected trend for today: Bullish
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