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Silver prices attempts positively - Analysis - 02-05-2023
Silver price soared temporarily yesterday, as it attempted to breach 25.50 level, but it bounced bearishly to approach 24.60, which keeps the correctional bearish trend scenario active, waiting to break the last level to confirm opening the way to visit 23.70 as a next station.
Stochastic current positivity might cause some temporary sideways fluctuation before resuming the negative trades, noting that the continuation of the bearish wave requires holding below 25.50.
The expected trading range for today is between 24.40 support and 25.20 resistance.
The expected trend for today: Bearish
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Gold price presses on the support – Analysis - 02-05-2023
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