Silver price leans on the channel’s support line - Analysis - 14-01-2022

Silver price resumes its positive trades after testing the intraday bullish channel’s support line, accompanied by witnessing positive signals through stochastic, waiting to motivate the price to provide more bullish bias in the upcoming sessions, reminding you that our targets begin by surpassing 23.40 to confirm rallying towards 24.20 as a next station.

Holding above 22.90 is important to continue the expected rise, as breaking it will press on the price to turn to decline and head towards 22.00 areas initially.

The expected trading range for today is between 22.85 support and 23.70 resistance.

The expected trend for today: Bullish