The price of the silver couldnt settle for long time above 23.00, and returns to trade with bearish bias heading towards new test to the falling wedges support which appears in the above chart, which located at 22.75. Stochastic and EMA50 negativity are factors that make us prefer staying aside temporarily, until being certain from the price behavior according to the critical levels, which are represented by 22.75 support and 23.50 resistance, where breaking the mentioned support will lead to a decline reach towards 21.00, while breaching the resistance will activate the positive effect of the mentioned wedge pattern and then reinforce the chances of resuming the overall bullish trend.
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