Silver price awaits more rise - Analysis - 23-01-2023

Economies.com
1 week ago

Silver price resumes its positive trading by today’s open to surpass the resistance line that appears on the chart, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, on its way to test 24.55 as a next positive station.

 

The EMA50 supports the expected rise, noting that it is important to hold above 23.80 as a first condition to continue the bullish trend.

 

The expected trading range for today is between 23.70 support and 24.65 resistance.

 

The expected trend for today: Bullish

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