Silver price hits the extended target – Analysis - 24-09-2020

Silver price provided strong negative trades by today’s open to succeed achieving our waited target at 22.13, noticing that the price presses negatively on this level in attempt to break it, which supports the chances of achieving more decline in the upcoming period, on its way to visit 20.31 level that represents our next negative target.

Therefore, the bearish trend will remain dominant on the intraday and short term basis, taking into consideration that the continuation of the bearish wave requires holding below 23.60.

The expected trading range for today is between 21.00 support and 23.00 resistance.

The expected trend for today: Bearish