Silver price reaches the target - Analysis - 05-04-2022
Economies.com
2022-04-05 01:58AM UTC
Silver price reached few pips from our waited target at 24.20, and by taking a deeper look at the chart, we find that the price formed bearish pattern that supports the chances of breaking the mentioned level and head to achieve more expected decline on the longer term basis, to target 23.15 as a next negative station.
Therefore, we expect to witness additional negative trades in the upcoming sessions unless the price rallied to breach 25.05 and hold above it.
The expected trading range for today is between 24.00 support and 24.80 resistance.
The expected trend for today: Bearish
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