Silver price tests the resistance - Analysis - 11-03-2022

Economies.com
2022-03-11 04:01AM UTC

Silver price provided positive trades yesterday to test the key resistance 25.95, as it kept its stability below it, noticing that stochastic overlaps negatively now, to support the chances of resuming the expected bearish trend for the upcoming period, which its next main target located at 25.05.

 

Therefore, we will continue to suggest the bearish trend on the intraday basis unless the price rallied to breach 25.95 and hold above it.

 

The expected trading range for today is between 24.10 support and 26.00 resistance.

 

The expected trend for today: Bearish

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