Silver price approaches the target - Analysis - 24-11-2021
Economies.com
2021-11-24 05:24AM UTC
Silver price continued to decline yesterday to approach our waited negative target at 23.15, waiting for more decline in the upcoming sessions, noting that breaking this level will push the price to suffer additional losses that reach 22.25 followed by 21.40.
Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 24.20 and hold above it, as breaching this level will bring the price back to the bullish channel again and lead silver price to achieve the gains again and test 25.05 areas initially.
The expected trading range for today is between 23.00 support and 23.85 resistance.
The expected trend for today: Bearish
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