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Home Silver Price Silver price loses momentum – Analysis – 31-07-2023

Silver price loses momentum – Analysis – 31-07-2023

by anna

Silver price shows some slight bullish bias to move above the broken neckline of the double top pattern, noticing that the EMA50 continues to form negative pressure against the price, while stochastic begins to overlap negatively now.

Therefore, these factors encourage us to keep our bearish overview, which its targets begin by testing 23.70 level, noting that breaching 24.60 will stop the expected decline and lead the price to regain the main bullish trend again.

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The expected trading range for today is between 23.80 support and 24.60 resistance.

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