After the Fed’s decision, silver prices fell for the fifth consecutive trading day on Thursday, to their lowest level since early October. In the wake of solid economic reports, the US dollar rose in value.
The support level is 22.691, while the resistance level is 22.770. The pivot point at 22.744 is where the price is moving below. bearish bias is evident in the EMA of 10, as well as the EMAs of 100 and 200. It seems that the Stochastic is descending and the RSI is heading near 30, but the ADX is not displaying any obvious direction of movement. Indicators are pointing to a downward trend in MACD’s histogram.

• There is resistance at 22.770, followed by resistance at 22.823 and 22.849.
• There is support at 22.691. Below, there is 22.665 and 22.612.

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.