Silver price breaks the support - Analysis - 30-11-2021

Silver price managed to break 23.15 level and holding with a daily close below it, which supports the continuation of our bearish trend expectations efficiently in the upcoming period, opening the way towards achieving more of the negative targets that begin at 22.20 and extend to 21.40.

The intraday bearish channel that appears in the image supports the continautio of the expected decline, which requires holding below 23.15 as an initial condition for achieving the suggested negative targets.

The expected trading range for today is between 22.40 support and 23.15 resistance.

The expected trend for today: Bearish