Midday update for Silver 21-12-2020

Economies.com
2020-12-21 10:39AM UTC

Silver price faced strong negative pressure to touch 25.06 direct, and we notice that the price bounced bullishly in attempt to recover again, to keep our bullish overview conditioned by the price stability above the mentioned level, as breaking it will cause additional losses that reach 23.60, while breaching 26.88 is required to rally towards 27.60 that represents our next positive target.

 

The expected trading range for today is between 25.00 support and 27.00 resistance.

 

The expected trend for today: Bullish

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