Silver prices negotiates the resistance - Analysis - 24-03-2023

Silver price fluctuates around 23.05 level and attempts to breach it, waiting to get positive momentum that assists to push the price to confirm the breach followed by resuming the bullish wave that targets 24.00 as a next positive station.

The positive effect of the inverted head and shoulders’ pattern still active, to support the continuation of the expected bullish trend for the upcoming period, taking into consideration that the consolidation of 23.05 level against the current positive attempts and failing to breach will push the price to rebound bearishly and head to test 22.13 areas before any new attempt to rise.

The expected trading range for today is between 22.70 support and 23.60 resistance.

The expected trend for today: Bullish