Midday update for Silver 01-08-2019
Economies.com
2019-08-01 10:03AM UTC
Silver price faces more negative pressure to attack 16.00 level and attempts to break it, which makes us prefer staying aside until the price confirms its situation according to the mentioned level, as continuing the decline and confirming breaking this level will stop the recently suggested positive scenario and press on the price to decline towards 15.62 initially, while holding above it will keep the main bullish trend valid, which its first target located at 16.50.
The expected trading range for today is between 15.90 support and 16.50 resistance.
The expected trend for today: Neutral
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Commodities
Gold price within tight range – Forecast today - 25-04-2024
2024-04-25 05:46AM UTC
Gold Price Analysis Gold price fluctuates within tight range since yesterday, hovering around ...
Commodities
Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...