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Silver price approaches the target - Analysis - 22-02-2023
Silver price shows more bullish bias, as it approached our waited positive target at 22.13, reinforcing the expectations of continuing the rise on the intraday basis, noting that breaching this level will lead the price to achieve additional gains that reach 23.05.
Stochastic provides positive signals that support the continuation of the suggested bullish trend, taking into consideration that failing to breach 22.13 will force the price to rebound bearishly and head to resume the correctional bearish track, which its targets begin by testing 21.40.
The expected trading range for today is between 21.50 support and 22.25 resistance.
The expected trend for today: Bullish
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