Silver price faces solid support - Analysis - 21-04-2022
Economies.com
2022-04-21 01:32AM UTC
Silver price finds difficulty to confirm breaking 25.05 level, to trade above it now, but we notice that the EMA50 forms negative pressure against the price, while stochastic approaches the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next target located at 24.20, while achieving it requires holding below 25.30.
The expected trading range for today is between 24.60 support and 25.40 resistance.
The expected trend for today: Bearish
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