Silver price keeps its positive stability - Analysis - 30-03-2023

Silver prices show positive trades in attempt to move away further from 23.05 level, which supports the continuation of the expected bullish trend on the intraday and short term basis, affected by the previously completed inverted head and shoulders’ pattern, which supports the chances of achieving our positive targets that start at 24.00 followed by 24.50.

Therefore, the bullish trend scenario will remain active, noting that breaking 23.05 followed by 22.85 levels will push the price to turn to decline and head to test the key support base 22.13 before any new attempt to rise.

The expected trading range for today is between 23.00 support and 23.70 resistance.

The expected trend for today: Bullish