Midday update for Silver 08-01-2021
Economies.com
2021-01-08 11:58AM UTC
Silver price traded with strong negativity to break the intraday bullish channel’s support line and heads towards potential visit to the key support 25.50, making the bearish trend suggested in the upcoming sessions, taking into consideration that breaching 26.90 will push the price back ot the bullish channel followed by heading towards our next positive target that reaches 28.40.
The expected trading range for today is between 26.00 support and 27.20 resistance.
The expected trend for today: Bearish for the rest of the day
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