Midday update for Silver 07-06-2023

Economies.com
3 months ago

Silver price settles below the intraday bullish channel’s support line, reinforcing the expectations to decline for the rest of the day, supported by moving below the EMA50, waiting to test 23.00 as a next main target, reminding you that the continuation of the bearish wave depends on the price stability below 23.70.

 

The expected trading range for today is between 23.00 support and 23.90 resistance.

Advertistment

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Is that the real reason behind Saudi Arabia's crude production cuts?
11 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Palladium News

Commodities

Palladium declines as dollar muscles up amid global inflation concerns
13 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Oil News

Commodities

Oil prices climb for second straight day
16 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 22-09-2023
18 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Oil Analysis

Commodities

Midday update for Crude oil 22-09-2023
18 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Silver Analysis

Commodities

Midday update for Silver 22-09-2023
18 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...