Midday update for Silver 07-10-2021

Economies.com
2021-10-07 09:27AM UTC

Silver price shows bullish bias to approach 22.90 level, and begins to rebound bearishly that hint heading to resume the main bearish trend, to keep the negative scenario active for today, supported by stochastic negativity that appears clearly on the chart, noting that our first main target is located at 21.65, while achieving it requires holding below 22.90.

 

The expected trading range for today is between 22.00 support and 22.70 resistance.

 

The expected trend for today: Bearish

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