Midday update for Silver 20-11-2017

Economies.com
2017-11-20 10:53AM UTC

Silver price shows sideways and tight trades since morning, settling above the EMA50, thus, no change to the bullish trend scenario that depends on holding above 16.56 level, motivated by stochastic head upwards on the four hours' time frame, reminding you that breaching 17.43 is required to push the price towards 18.30 as a next main station.

 

Expected trading range for today is between 17.00 support and 17.43 resistance.

 

Expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Oil News

Commodities

Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price is recovering – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Wheat Price Analysis Expected Scenario Wheat price opens today’s trading with ...
Technical Analysis

Commodities

Sugar price loses momentum – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Sugar Price Analysis Expected Scenario Sugar price settles around 19.50$ level, noticing ...
Technical Analysis

Commodities

Soybean price continues to decline – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
Soybean Price Analysis Expected Scenario Soybean price shows more bearish bias to reach ...