The price of silver lost 3.3% of its value yesterday, falling from $ 22.39 to $ 21.65. Today's picture is that the price recovered to $ 22.08 during the Asian session, and as we entered the European session, the price weakened and returned to the starting daily position at $ 21.75. We can say that there is more pressure on the lower support zone, and if it does not provide us with adequate support, we will see a new low this week. Our potential lower target is $ 21.50, then the $ 21.25 level. If the price of natural gas finds support here and forms a bottom, then there is a chance that we will see a recovery in the price. Higher targets us respectively $ 22.12, $ 22.40, the zone around $ 22.50, $ 23.00 and at the end the previous high at $ 23.34 price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.