SILVER
New forecast
The silver price faced negative pressure yesterday to break the 23.73 level and settle below it. Therefore, breaking the 23.50 level will have a negative impact and push the price to decline towards 23.00 and 22.60 levels directly.
Therefore the downward scenario will be remain valid and effective during coming period , supported by the negative pressure formed by the moving average 50, keeping in mind that breaching the 23.73 levels will stop the expected decline and push the price to recover again.
The expected trading range for today is between support 22.60 and resistance 23.73 .
Additionally ,Today News will affect on the market .
resistance line : 23.50 , 23.73
support line : 23.00 , 22.60
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