Silver prices have exhibited limited fluctuations within a narrow range since yesterday, consistently holding below the 23.00 level. This lack of upward movement confirms the continuation of the expected bearish trend in the upcoming period. Notably, this bearish outlook is consistently supported by the EMA50 indicator.
It’s essential to emphasize that the awaited target remains at 22.25, with its realization contingent on the price staying below the 23.00 level.
For today’s trading outlook, market experts foresee a trading range defined by the support level at 22.40 and the resistance level at 23.00.
The prevailing trend for today remains bearish, with market participants closely monitoring price movements and the potential for a further decline in silver prices.
