Silver price begins positively - Analysis - 17-03-2023

Economies.com
2023-03-17 04:17AM UTC

Silver price begins today with clear bullish bias to approach our first waited target at 22.13, getting positive signals through stochastic and the EMA50, which reinforces the chances of surpassing this level and rally towards our next target at 23.05.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that breaking 21.40 will stop the expected rise and press on the price to achieve additional bearish correction on the intraday basis.

 

The expected trading range for today is between 21.50 support and 22.40 resistance.

The expected trend for today: Bullish

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