Silver price breaches the resistance - Analysis - 05-05-2022
Economies.com
2022-05-05 04:18AM UTC
Silver price traded with strong positivity on yesterday’s evening, and begins today with additional rises to breach 23.15 level and attempts to hold above it, which leads the price to start bullish correction for the decline measured from 26.20 to 22.10, on its way to achieve positive targets that start at 23.65 and extend to 24.15 after surpassing the previous level.
Therefore, we expect to witness more rise on the intraday basis, noting that breaking 23.10 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 22.80 support and 23.75 resistance.
The expected trend for today: Bullish
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