SILVER - Silver price breaks near-term resistance and continues to stabilize in the short term

Silver price breaks near-term resistance, short-term continues to stabilize

In terms of silver, the 50-day moving average seen in the chart is at $22.25. After being restrained in the middle of last week, there was a breakthrough on Friday. Even though there was a correction at the beginning of this week, it still held above this indicator, which is expected to better confirm the silver price tendency to rise again. The extension target is expected to be $23.10 and US$23.60 US dollars, and the next level points to the 24 points and 24.60/65 US dollars. The support levels are expected to be $22.55 and $22, and further estimated at $21.31 on the 250-day moving average.

iShares Silver Trust Silver Holdings:
March 13 – 14,854.79 tons
March 14 – 14,874.80 tons
March 15 – 14,718.99 tons
March 16 – 14,393.07 tons
March 17 – 14,287.30 tons
March 20 – 14,263.00 tons
March 21 – 14,288.73 tons
March 22 – 14,271.57 tons

London Silver March 23
Predicted early volatility: 22.85 – 23.15
Resistance levels: 23.45 – 23.65 – 24.05
Support levels: 22.60 – 22.30 – 22.00

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