Silver price presses on the support - Analysis - 18-01-2022

Economies.com
2022-01-18 05:21AM UTC

Silver price opens today’s trading with clear negativity to break the intraday bullish channel’s support line and press on the key support 22.90, to hint exting the bullish track and turn to decline, on its way to decline towards 22.00 mainly.

 

Therefore, the bearish bias will be suggested in the upcoming sessions unless the price managed to breach 23.15 and hold above it.

 

The expected trading range for today is between 22.35 support and 23.15 resistance.

 

The expected trend for today: Bearish

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