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May 19th, Economies.com’s analysts’ latest views today: silver prices continued to fall below the 23.70 level at yesterday’s close, confirming the price below 23.70, strengthening the expectation of continuing to correct the bearish trend scenario, with a target of 23.00 point as the next major pass.
A bearish wave suggested by the intraday bearish channel organization, waiting to gain negative momentum that would help propel the price towards its desired target, noting that a break above 23.70 would stop the negative scenario and push the price to turn higher. Today’s support level is expected to be 23.10 and the resistance level is 23.90.
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