Silver price needs strong positive motive - Analysis - 25-01-2023

The EMA50 formed solid resistance against Silver price attempts to rise, to show some slight bearish bias, affected by stochastic negativity, waiting to get positive motive that assists to push the price to resume the bullish wave that targets 24.00 followed by 24.55 levels as next main stations.

In general, the bullish trend scenario will remain valid unless breaking 23.05 and holding below it.

The expected trading range for today is between 23.20 support and 24.00 resistance.

The expected trend for today: Bullish