Silver price approaches the extended target - Analysis - 02-12-2022
Economies.com
2022-12-02 05:12AM UTC
Silver price rallied upwards strongly to surpass 22.24 level and approach our extended target at 22.86, getting continuous positive support by the EMA50, waiting for more rise in the upcoming sessions, noting that breaching the targeted level will extend the bullish wave to reach 23.35 followed by 23.65 areas.
The price might be forced for some sideways fluctuation affected by stochastic negativity before resuming the expected rise, noting that it is important to hold above 22.24 to continue the bullish trend.
The expected trading range for today is between 22.20 support and 23.20 resistance.
The expected trend for today: Bullish
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