Silver price heads towards thed resistance - Analysis - 11-04-2022
Economies.com
2022-04-11 02:05AM UTC
Silver price surpassed the bearish trend line to head towards potential test to the key resistance 25.05, notincing that stochastic shows clear overbought signals, to support the chances of resuming the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned resistance, waiting to break 24.20 to reinforce the chances of rallying towards our negative target that reaches 23.15.
On the other hand, we should note that breaching 25.05 will stop the negative scenario and lead the price to achieve new gains that reach 25.95.
The expected trading range for today is between 24.20 support and 25.05 resistance.
The expected trend for today: Overall bearish
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