Technical analysis: Silver prices test resistance again on July 4

On July 4th, analysts from Economies have the latest opinion today: the silver price once again tested the key resistance level of 23.00, and it is still stable below it. Therefore, the bearish expectation is still valid for a period of time in the future, and 22.25 is the primary target.

A break below 22.80 will strengthen downside expectations, but a break above 23.00 will stop the corrective decline and cause the price to turn upwards, starting to build an ascending channel, with the target starting from a test of 23.70.

Today’s expected trading range is between 22.30 support and 23.20 resistance.