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The price of silver has successfully reached and surpassed the awaited target at 22.25. Today commenced with a significant decline, breaking this level and affirming the continued dominance of the bearish trend. This sets the stage for the metal to move towards the next target, which is positioned at 21.35.
The prevailing scenario indicates the continuity of the bearish trend, influenced by the triple top pattern evident on the chart. It’s essential to note that a breach of 22.25 would halt the anticipated decline and prompt the price to initiate recovery attempts on an intraday basis.
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The projected trading range for today is expected between support at 21.50 and resistance at 22.30.
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Anticipated Trend for Today: Bearish
