Silver price resumes the decline - Analysis - 23-06-2022

2022-06-23 04:32:47 GMT (Economies.com)
 

Silver price returned to decline after the slight rise that it witnessed yesterday, to keep the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to head towards 20.95 followed by 20.50 levels as next main targets.

 

The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 21.85 and 22.00 levels.

 

The expected trading range for today is between 20.80 support and 21.60 resistance.

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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