Silver price loses momentum - Analysis - 05-01-2022
Economies.com
2022-01-05 05:03AM UTC
Silver price provided temporary positive trades yesterday and approached testing the key resistance 23.15, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 22.20.
Therefore, the bearish trend scenario will remain valid and active unless breaching 23.15 and holding above it.
The expected trading range for today is between 22.40 support and 23.15 resistance.
The expected trend for today: Bearish
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