Silver price tests the critical support - Analysis - 24-01-2023

Economies.com
6 days ago

Silver price showed sudden decline yesterday to test the key support 23.05, noticing that the price bounced upwards quickly from there, to head towards resuming the main bullish trend, waiting to visit 24.05 followed by 24.55 levels as next positive stations.

 

Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 23.05 will stop the positive scenario and press on the price to achieve additional bearish correction on the intraday basis.

 

The expected trading range for today is between 23.20 support and 24.10 resistance.

 

The expected trend for today: Bullish

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