Silver price turns to decline - Analysis - 29-06-2022

Economies.com
2022-06-29 04:22AM UTC

Silver price traded negatively to break 21.05 level and resumes the bearish track again, and we suggest the continuation of the bearish bias to test 20.50 as a main negative target, noting that breaking it will will extend silver price losses to reach 20.00 as a next station.

 

Therefore, the bearish trend will remain expected for the upcoming sessions unless the price rallied to breach 21.35 and hold above it.

 

The expected trading range for today is between 20.40 support and 21.10 resistance.

 

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The expected trend for today: Bearish

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