Silver price approaches the target - Analysis - 07-06-2022
Economies.com
2022-06-07 04:08AM UTC
Silver price approached our waited target at 22.67 and bounced bearishly to reach the thresholds of the key support 21.85, noticing that the EMA50 forms good support against the price, while stochastic enters the oversold areas.
Therefor, these factors encourage us to suggest the bullish bias for today, waiting to visit 22.67 mainly, noting that the continuation of the bullish wave requires holding above 21.85 and 21.70 levels.
The expected trading range for today is between 21.75 support and 22.50 resistance.
The expected trend for today: Bullish
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