Silver price presses on the support – Analysis - 23-10-2020

Economies.com
2020-10-23 04:01AM UTC

Silver price attempts to break the bullish channel’s support line that appears on the chart, waiting to confirm the break to open the way to continue the intraday bearish wave, which its next main target located at 23.60.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, waiting to get negative motive that supports the chances of achieving the required break, reminding you that the continuation of the bearish wave requires holding below 25.06.

 

The expected trading range for today is between 23.90 support and 25.20 resistance.

 

The expected trend for today: Bearish

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