Silver prices rise again - Analysis - 28-03-2023

Economies.com
2023-03-28 02:58AM UTC

Silver price leaned on the minor support 22.85 and bounced bullishly to surpass 23.05 level by today’s open, motivated by stochastic positivity, which reactivates the expected bullish trend scenario on the intraday and short term basis, on its way to achieve positive targets that start by visiting 24.00 areas.

 

Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA50 that carries the price from below, and breaching 23.35 will ease the mission of achieving the waited target, noting that breaking 23.05 followed by 22.85 levels will stop the expected rise and press on the price to turn to decline.

 

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

The expected trend for today: Bullish

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