$22 is a very strong support zone for silver. It has been since December of 2022. Prior to Dec it acted as a resistance. See the resistance in the month of November 2022.
After March 2023, silver has not gone below 22. This price has acted as a strong support in June, August and twice in September.
Will silver trade below $22 depends on a lot of factors - one being macro economics and the second being the international foreign policies which add risk factors to the economy.
Is Government Shutdown a reaility or Republicans and Democrats will find a technical loophole to circumvent it?
Will China surpass the economic downturn?
We may not have answers to many of these quesions now. However, these are the major factors which will unerpin the price of Silver in coming days in my opinion.
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