Silver price ended yesterday below 24.20, which puts the price under expected negative pressure in the upcoming sessions, on its way to test 23.15 before any new attempt to rise again.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 24.20 and holding above it will reactivate the bullish trend scenario that its next main target located at 25.05.

The expected trading range for today is between 23.60 support and 24.60 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0428	-0.0116	1.1039%
The EURUSD loses momentum – Analysis - 16-05-2022
	GBP/USD	1.2224	-0.0126	1.0203%

	Silver	21.097	-1.028	4.644%

	Oil	109.099	1.942	1.812%
Crude oil price hits the target – Analysis - 16-05-2022
	Brent Oil	110.10	-1.37	1.23%

	Gold	1798.055	-70.805	3.789%
Gold price keeps declining – Analysis - 16-05-2022

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