Silver price forecast update 22-04-2024
Economies.com
2024-04-22 09:11AM UTC
Silver price broke 28.00$ level clearly and closed the last four hours’ candlestick below it, to fall under expected negative pressure in the upcoming sessions and target 38.2% Fibonacci correction level at 26.90$ as a next negative station.
Therefore, the bearish bias will be suggested for the rest of the day unless the price rallied to breach 28.00$ and hold above it again.
The expected trading range for today is between 27.55$ support and 28.10$ resistance.
Trend forecast: Bearish for the rest of the day
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