Silver price keeps achieving gains - Analysis - 05-12-2022
Economies.com
2022-12-05 04:46AM UTC
Silver price rallied upwards strongly to succeed breaching 22.86 level and achieve our first extended target at 23.35, waiting for more rise to achieve additional gains that reach 23.90.
The EMA50 continues to carry the price from below to support the continuation of the expected bullish trend, noting that breaking 22.86 and holding below it will put the price under intraday negative pressure that targets testing 22.23 areas initially and might extend to 21.45 before any new attempt to rise.
The expected trading range for today is between 23.00 support and 24.00 resistance.
The expected trend for today: Bullish
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