Silver price reaches the negative target - Analysis - 15-09-2023

Economies.com
2023-09-15 03:44AM UTC

Silver price reached few pips away from our waited target at 22.25, and bounced upwards strongly to test the key resistance 23.00 now, noticing that the technical indicators provide negative signals that support the chances of bouncing bearishly to resume the correctional bearish track, waiting to test 22.25 again.

 

Therefore, we expect to witness negative trades in the upcoming sessions, noting that breaching 23.00 wills top the expected decline and lead the price to turn to rise.

 

The expected trading range for today is between 22.40 support and 23.10 resistance.

 

The expected trend for today: Bearish

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