SILVER 4H : Under sell pressure
SILVER
New forecast
The price of silver achieved a clear break of the 22.73 level and ended yesterday’s trading below it, turning lower and heading towards visiting the 22.50 level as a next negative target, with the need to be aware that breaking this level will put pressure on the price to incur additional losses of up to 22.23 in the near term.
Therefore the downward scenario will be remain valid and affective supported by the 50 moving average supports the continuation of the expected decline for today, which will remain in place unless the price is able to penetrate the 22.73 level and stabilize above it again.
The expect range trading for today it will be between resistance line 22.73 and support line 22.23until stabilized .
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price of silver achieved a clear break of the 22.73 level and ended yesterday’s trading below it, turning lower and heading towards visiting the 22.50 level as a next negative target, with the need to be aware that breaking this level will put pressure on the price to incur additional losses of up to 22.23 in the near term.
Therefore the downward scenario will be remain valid and affective supported by the 50 moving average supports the continuation of the expected decline for today, which will remain in place unless the price is able to penetrate the 22.73 level and stabilize above it again.
The expect range trading for today it will be between resistance line 22.73 and support line 22.23until stabilized .
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.73 , 23.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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