| 
July 02, 2023A quick look at Friday: generally flat but with a slight bullish bias, CME Silver ranged between $22.54 and $23.05 before closing higher at $23 per troy ounce.
Silver made an initial breakout above its 200 day Simple Moving Average at $23.03, a potential indicator of a newly emerging bullish phase. In contrast, after reaching the known resistance zone beginning at $22.89, Silver price action retreated approximately 9 cents.
Overall, looking at the technical analysis landscape, it seems CME Silver might continue pointing upwards in the short term.
Rallies can also be seen in other Metals, Copper is trading around $3.76 after ending Friday's session at $3.7 (up 1.76% today). Gold is trading around $1,927.8 after ending Friday's session at $1,918 (up 0.52% today).
Also worthy of note, United States ISM Manufacturing PMI (Jun) is expected tomorrow at 14:00 UTC.
CME Silver reached a significant high of $26.35 around a month ago but has lost 13.48% since then.
