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Silver prices have experienced negative pressure, breaking below the 23.00 level. However, it is noteworthy that the stochastic indicator is showing clear positive momentum, while the EMA50 is providing significant support to the price.
Consequently, we anticipate the likelihood of a recovery and positive trading in upcoming sessions. Potential targets include surpassing 23.00 and heading towards the 23.70 level. It should be noted that failing to rise above 23.00 could lead to further declines and testing of the 22.25 level.
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The expected trading range for today is between support at 22.60 and resistance at 23.35.
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Today’s trend is expected to be bullish.
