Silver price attacks the support - Analysis - 29-04-2022

Silver price broke 23.15 level initially and attempts to hold below it, reinforcing the expectations of continuing the domination of the bearish trend, affected by the previously completed double top pattern, waiting to visit 22.00 followed by 21.40 levels as next main targets.

Therefore, we expect to witness more decline in the upcoming sessions, noting that failing to consolidate below 23.15 will lead the price to start recovery attempts and test 24.20 areas before any new attempt to decline.

The expected trading range for today is between 22.70 support and 23.45 resistance.

The expected trend for today: Bearish