Silver price breaks the support - Analysis - 13-09-2023
1 week ago

Silver price trades negatively to break 23.00 and settles below it, which stops the recently suggested positive scenario and push the price to turn to decline, on its way to visit 22.25 areas mainly.


Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that breaching 23.00 will stop the expected negative pressure and lead the price to attempt to build bullish wave on the intraday basis.



The expected trading range for today is between 22.50 support and 23.10 resistance.


The expected trend for today: Bearish

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