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Silver price attempts positively - Analysis - 24-01-2024
Silver price provided positive trades to settle above 22.25 level, which hints the attempt to build intraday bullish wave, but we notice that the price is facing negative pressure formed by the EMA50, besides losing the positive momentum clearly by stochastic.
Therefore, we will continue with our neutrality until we get clearer signal for the next trend, noting that breaking 22.25 will push the price to resume the bearish wave that its next target located at 21.35, while breaching 22.50 resistance will lead the price to recover and test 23.00 level initially.
The expected trading range for today is between 21.90 support and 22.90 resistance.
The expected trend for today: Neutral
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