Silver price awaits more rise - Analysis - 15-11-2023

Economies.com
2023-11-15 03:47AM UTC

Silver price settled above 23.00 after the strong bullish rally that it witnessed yesterday, to reinforce the chances of continuing the bullish trend in the upcoming sessions and head to visit 23.70 that represents the next positive target.

 

Therefore, the bullish bias will be suggested on the intraday basis, supported by moving above the EMA50, noting that the continuation of the bullish wave depends on the price stability above 23.00.

 

Advertistment

The expected trading range for today is between 22.90 support and 23.60 resistance.

 

The expected trend for today: Bullish

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