Silver price approaches the target - Analysis - 16-11-2023
Economies.com
2023-11-16 04:08AM UTC
Silver price provided additional positive trades yesterday to approach the main waited target at 23.70, showing some bearish bias affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to achieve new rises in the upcoming sessions.
Note that breaching the above-mentioned level will extend the bullish wave to reach 24.60 areas, while breaking 23.00 represents negative factor that will push the price to return to the bearish track and achieve negative targets that start at 22.25.
The expected trading range for today is between 22.90 support and 23.80 resistance.
The expected trend for today: Bullish
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