Silver price shows mixed trades - Analysis - 29-11-2022

Silver price showed mixed trades yesterday, as it traded with strong negativity and approached 20.72 areas, but it begins today with new rise to reach 21.30 level, which is considered as the gate to resume the main bullish trend, noticing that stochastic provides clear positive signals now, which supports the chances of surpassing the mentioned level and open the way to achieve additional gains in the upcoming sessions.

Therefore, the bullish bias will be suggested for today conditioned by the price stability above 20.72, noting that our expected targets reach 22.00 followed by 22.24.

The expected trading range for today is between 20.90 support and 21.75 resistance.

The expected trend for today: Bullish