Midday update for Silver 25-11-2020
Economies.com
2020-11-25 11:53AM UTC
Silver price tested 23.60 level and bounced bearishly from there, to keep the bearish trend scenario valid and active on the intraday and short term basis, supported by stochastic reach to the thresholds of the overbought areas, besides the negative pressure formed by the EMA50, reminding you that our next main target is located at 22.17, while achieving it requires holding below 23.60.
The expected trading range for today is between 22.30 support and 24.00 resistance.
The expected trend for today: Bearish
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