Silver price tests the support base - Analysis - 05-10-2021

Silver price tests the support line formed at 22.40, and the price needs to break this level to return to the bearish channel that appears on the chart followed by reinforcing the chances of continuing the decline on the intraday basis.

Until now, we will continue to suggest the bearish trend for the upcoming period as long as 22.90 level remains intact, reminding you that our first main target is located at 21.65.

The expected trading range for today is between 22.00 support and 22.80 resistance.

The expected trend for today: Bearish