Silver price faces new negative pressure - Analysis - 30-01-2023
4 months ago

Silver price returned to rise after the decline that it witnessed in the previous sessions, supported by stochastic positivity, waiting to breach 23.80 resistance line to ease the mission of heading towards our first waited positive target at 24.55.


Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that breaking 23.55 will put the price under additional negative pressure to test 23.05 level before any new positive attempt.


The expected trading range for today is between 23.30 support and 24.15 resistance.


The expected trend for today: Bullish

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