Midday update for Silver 21-09-2020

Economies.com
2020-09-21 09:12AM UTC

Silver price faces new negative pressure to break 26.90 level and attempts to move away from it, which urges caution from the upcoming trading, as closing the daily candlestick below this level will stop the recently suggested positive scenario and press on the price to head towards 25.06 mainly, while stepping above it will reactivate the bullish trend that targets 28.90 followed by 29.80 levels as main positive stations.

 

Therefore, we prefer staying aside now until the price confirms the daily close according to 26.90.

 

The expected trading range for today is between 26.00 support and 28.00 resistance.

 

The expected trend for today: Neutral

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