On June 30, Economies’ analysts’ latest opinion today: silver prices successfully reached our waiting target of 22.25, and found solid support there, retesting the neckline of the breakthrough double top pattern with a bullish rebound trend.
It is worth noting that EMA50 forms a persistent negative pressure on the price and supports a rebound lower to continue the main downtrend, whose target will extend to 21.35 after breaking the previous level.
Therefore, we will continue to recommend a bearish stance for some time to come, it is worth noting that a break above 23.00 will stop the decline and push the price to try to rise, initially targeting a test of 23.70.
The expected trading range for silver prices today is between 22.10 support and 22.90 resistance.
