Midday update for Silver 21-08-2017
Economies.com
2017-08-21 10:30AM UTC
Silver price continues to fluctuate around the main bullish trend line settling above it, and the EMA50 keeps supporting the price from below, to keep the bullish trend scenario active for today, which targets 17.43 level initially, noting that breaching this level will extend silver price gains to reach 18.30.
Holding above 16.56 represents the most important condition to continue the expected bullish trend and guarantee not falling under negative pressure that pushes the price to test 15.49 areas direct.
Expected trading range for today is between 16.85 support and 17.20 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...