Silver price under the negative pressure - Analysis - 31-05-2022

Silver price opens today negatively to press on 21.83 level, while stochastic shows positive signals that keep the chances valid to continue the expected bullish trend for the upcoming period, affected by the previously completed inverted head and shoulders’ pattern, waiting to resume the rise to visit 22.67 as a next main target.

Note that the continuation of the negative pressure and breaking 21.60 will stop the positive effect of the mentioned pattern and press on the price to return to the main bearihs track again.

The expected trading range for today is between 21.60 support and 22.30 resistance.

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The expected trend for today: Bullish