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On June 26, Economies’ analysts’ latest opinion today: Silver prices showed more bullish tendencies, breaking through the 22.65 level and heading for a potential test of the key resistance at 23.00.
Notably, EMA50 meets this level, adding more strength to it, while Stochastic has clearly lost the bullish signal it provided.
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These factors therefore encourage us to continue to recommend an overall bearish outlook with targets starting at 22.25 and extending to 21.65 and subsequently reaching 21.35 after breaking the first level.
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It needs to be taken into account that a break above 23.00 will stop the decline and lead to an increase in price. Today’s expected trading range is between 22.25 support and 23.00 resistance.
