Silver price under the negative pressure - Analysis - 07-12-2022
Economies.com
2022-12-07 04:51AM UTC
Silver price faced negative pressure yesterday to attack 22.24 level, but it begins today with bullish bias and attempts to step above it again, as the EMA50 formed good support that prevented the price from suffering more losses, which encourages us to suggest the bullish bias for today, waiting to head towards 22.86 as a first target.
On the other hand, we should note that breaking 22.24 followed by 22.05 levels will stop the positive scenario and press on the price to head towards 21.65 areas direct.
The expected trading range for today is between 21.90 support and 23.00 resistance.
The expected trend for today: Bullish
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