Silver price is recovering – Analysis - 01-12-2020

Silver price could not manage to hold for long time below 22.13, to trade with clear positivity and heads towards potential visit to 23.60 level, which makes us suggest witnessing more rise in the upcoming sessions, noting that the targeted level represents solid resistance that we expect to push the price to resume the main bearish trend again.

On the other hand, we should note that breaching 23.60 will push the price to achieve more intraday gains, while breaking 22.13 represents the key to return to the main bearish track that its next target located at 20.31.

The expected trading range for today is between 22.20 support and 23.60 resistance.

The expected trend for today: Bullish