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On May 31st, the latest views of Economies analysts today: Silver price trading is confined between the resistance line of the descending channel and key support at 23.00, with continued negative pressure from EMA50, awaiting a break above said support to confirm the resumption of the downward wave and set its next major target at 22.25.
Therefore, we will continue to recommend a bearish trend for the period ahead, with the caveat that a break above 23.00 will continue the uptrend, attempting the 23.70 area before a fresh decline. Today’s expected trading range is 22.65 and 23.50.
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Silver Futures Price Charts
