Technical analysis: Silver prices fail to maintain positive momentum

by Joy

On June 5, the analysts of Economies.com have the latest opinion today: the price of silver has not been able to stay above 23.70 for a long time, which makes the price again under the influence of corrective downward pressure, and the next target is 23.00.

Therefore, silver still has a downside bias today, a break above 23.50 will help to achieve the expected decline, while a break above 23.70 will stop the current downside expectation and push the price to try to recover and establish an uptrend.

Advertisements

Today’s expected trading range is between 23.00 support and 23.85 resistance.

Advertisements

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News