Silver price hits the target - Analysis - 18-05-2022
Economies.com
2022-05-18 04:20AM UTC
Silver price succeeded to touch our waited target at 21.83 and bounced bearishly from there, to head towards resuming the main bearish trend and stop the bullish correction that started in the previous sessions, on its way to achieve negative targets that start at 21.20 and extend to 20.50 after breaking the previous level.
Therefore, we expect to witness more decline on the intraday basis, taking into consideration that breaching 21.83 will lead the price to rally towards 22.67 as a next correctional station.
The expected trading range for today is between 21.10 support and 21.80 resistance.
The expected trend for today: Bearish
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