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Silver price surpasses the target - Analysis - 18-10-2023
Silver price succeeded to achieve our waited target at 23.00, starting today with additional positivity to breach this level and attempt to hold above it, which supports the expectations of continuing the bullish trend and achieve additional gains that reach 23.70.
Therefore, the bullish trend scenario will remain dominant in the upcoming sessions, affected by the positive pattern that its signs appear on the chart, noting that failing to consolidate above 23.00 will put the price under negative pressure that targets testing 22.25 areas mainly.
The expected trading range for today is between 22.70 support and 23.50 resistance.
The expected trend for today: Bullish
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