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Silver price has experienced negative trading, nearing the critical support level at 23.00. It is worth noting that the stochastic indicator has entered the oversold region, which enhances the likelihood of a resumption of the anticipated bullish trend in the coming period. Our primary target remains at 23.70.
However, it is important to highlight that a breach of the 23.00 support could interrupt the expected upward movement, potentially leading to a decline towards the initial level at 22.25.
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The expected trading range for today is between support at 22.90 and resistance at 23.60, indicating a prevailing bullish sentiment.
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Today’s expected trend: Bullish
