Silver prices keeps its positive stability - Analysis - 21-03-2023

Silver price resumed its positive trading after the decline that it witnessed in the previous sessions, as it approached 22.13 level, to retest the breached neckline of the inverted head and shoulders’ pattern, which keeps the bullish trend scenario active, reminding you that our targets begin at 23.05 and extend to 24.00 after surpassing the previous level.

The EMA50continues to support the suggested bullish wave, besides stochastic that overlaps positive now to add more confirmation to the continuation of the rise, noting that breaking 22.13 will stop the positive effect of the mentioned pattern and put the price under negative pressure that its targets begin by testing 21.40 areas.

The expected trading range for today is between 22.30 support and 23.10 resistance.

The expected trend for today: Bullish