Silver price faces solid resistance - Analysis - 30-11-2022

Economies.com
2022-11-30 04:32AM UTC

Silver price continues to fluctuate around 21.30 level and finds solid resistance there, waiting to gather enough positive momentum to push the price to surpass this level followed by rallying towards our positive targets that start at 22.00 followed by 22.24.

 

Therefore, the bullish trend scenario will remain valid for the upcoming period, taking into consideration that the consolidation of 21.30 level against the positive attempts and declining to break 20.72 will stop the expected and press on the price to turn to decline.

 

The expected trading range for today is between 20.90 support and 21.80 resistance.

 

The expected trend for today: Bullish

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