Silver price resumes the decline - Analysis - 23-09-2021

Silver price bounced downwards clearly after testing 22.90 in the previous sessions, as the EMA50 formed good negative pressure to protect the recently suggested negative scenario, waiting for more decline to visit 21.65 followed by 20.75 levels as next main targets.

Therefore, the bearish trend will remain suggested conditioned by the price stability below 22.90, noting that breaking 22.30 will ease the mission of achieving the waited targets.

The expected trading range for today is between 22.10 support and 22.90 resistance.

The expected trend for today: Bearish