Silver price confirms the break - Analysis - 22-04-2022

Economies.com
2022-04-22 01:34AM UTC

Silver price declined strongly yesterday after confirming breaking 25.05, to approach our waited negative target at 24.20, waiting for more decline in the upcoming sessions, noting that breaking the targeted level will extend the bearish wave to reach 23.15.

 

Holding below 25.05 is important to continue the suggested negative scenario, as breaching it will lead the price to start recovery attempts that target 25.95 level initially.

 

The expected trading range for today is between 24.00 support and 25.00 resistance.

 

The expected trend for today: Bearish

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