Silver price trades are confined between the bearish channel’s resistance and the key support 23.00, falling under continuous negative pressure coming by the EMA50, waiting to break the mentioned support to confirm resuming the bearish wave that targets 22.25 as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 23.25 will push the price to achieve intraday gains and test 23.70 aeras before any new attempt to decline.
The expected trading range for today is between 22.65 support and 23.50 resistance.
The expected trend for today: Bearish