Silver price confirms the break - Analysis - 26-05-2023

Economies.com
2023-05-26 04:12AM UTC

Silver price managed to break 23.00 level and close the daily candlestick below it, to support the expectations of continuing the correctional bearish trend domination, and the way is open to head towards our next negative station at 22.25.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, which depends on the price stability below 23.00, as breaching this level represents initial key to attempt to recover and build bullish wave that targets testing 23.70 areas mainly.

 

The expected trading range for today is between 22.30 support and 23.10 resistance.

 

The expected trend for today: Bearish

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