A bottom-forming move was attempted by silver prices, which climbed higher and consolidated for the third day in a row. That might be a bear flag continuation pattern, in which the price is pausing and then moving down again.
The support rests at 22.513 with resistance at 22.563. The price moves below the pivot point at 22.530. The EMA of 10 is moving in a slight bullish bias and it moves below the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges. The RSI is moving toward the overbought area but the ADX is showing a downward momentum. The MACD histogram is in positive territory with the signals showing an upward movement.

• There is resistance at 22.563, followed by resistance at 22.580 and 22.613.
• There is support at 22.513. Below, there is 22.480 and 22.463.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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