The price of silver ended yesterday's trading with a noticeable positive note, breaching the 22.25 level and settling above it, providing signs of an attempt to return to the upward path, but we note that the technical indicators provide negative signals that may pressure the price to decline again.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that continuing the rise and breaching 22.55 will push the price to achieve further gains and test the 22.89 level initially, while trading below 22.25 again will reactivate the scenario. The downtrend whose next main target is at 21.60 .
Pivot Price: 22.25
Resistance prices: 22.89 & 23.33 & 24.17
Support prices: 21.60 & 20.75 & 19.95
The general expected tendency for today: neutral
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that continuing the rise and breaching 22.55 will push the price to achieve further gains and test the 22.89 level initially, while trading below 22.25 again will reactivate the scenario. The downtrend whose next main target is at 21.60 .
Pivot Price: 22.25
Resistance prices: 22.89 & 23.33 & 24.17
Support prices: 21.60 & 20.75 & 19.95
The general expected tendency for today: neutral
