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Silver prices rises again - Analysis - 03-05-2023
Silver price couldn’t break 24.60 level after many attempts to press on this level, to rebound upwards strongly again and settle above 25.00 barrier, which makes us suggest turning to rise and head to resume the main bullish trend, on its way to test 26.07 as a first main station, breaching it represents the key to rally towards 26.90 areas.
Therefore, the bullish bias will be expected for today, and the price needs to surpass 25.50 to ease the mission of achieving the waited positive targets, taking into consideration that breaking 24.60 will stop the suggested bullish wave and press on the price to achieve additional bearish correction that its next target reaches 23.70.
The expected trading range for today is between 25.00 support and 25.90 resistance.
The expected trend for today: Bullish
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