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Silver price has successfully reached the level of 22.25 and stabilized at this point, succumbing to downward pressure exerted by the EMA50. This situation prompts expectations of breaking this level, paving the way for additional negative targets, commencing at 21.70 and extending to 21.35.
Consequently, the bearish trend is anticipated to persist in the forthcoming period. It is noteworthy that a failure to breach the 22.25 level will prompt the price to initiate recovery attempts, initiating a bullish wave that initially aims to test the 23.00 regions.
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The expected trading range for today is projected to fluctuate between the support level at 21.85 and the resistance level at 22.60.
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Expected Trend for Today: Bearish
