Silver price consolidates inside the channel - Analysis - 04-04-2023

Silver prices continues to fluctuate at the bullish channel’s support line, keeping its consolidation inside this channel, to keep the bullish trend scenario valid and active, waiting to head towards 24.50 that represents our next main target.

The EMA50 continues to support the bullish wave, besides the positive signals provided by stochastic on the intraday time frames, noting that breaking 23.80 and holding below it will stop the positive scenario and press on the price to achieve some bearish correction that might target testing 23.05 areas before any new attempt to rise.

The expected trading range for today is between 23.50 support and 24.30 resistance.

The expected trend for today: Bullish