Silver price keeps its negative stability - Analysis - 01-04-2022

Economies.com
2022-04-01 03:52AM UTC

Silver price tested 25.05 again and bounced bearishly from there, to keep the bearish trend scenario active, supported by the negative pressure formed by the EMA50, waiting to head towards 24.20 that represents our main target.

 

Holding below 25.05 is important to continue the expected decline, as breaching it will lead the price to turn to rise and head to 25.95 areas initially.

 

The expected trading range for today is between 24.20 support and 25.00 resistance.

 

The expected trend for today: Bearish

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