Midday update for Silver 30-12-2021
Economies.com
2021-12-30 10:52AM UTC
Silver price settles below the EMA50, and by taking a deeper look at the chart, we find that the price is drawing head and shoulders’ pattern that we are waiting to push the price to rally bearishly towards our expected negative target at 22.00.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 23.15 and hold above it.
The expected trading range for today is between 22.20 support and 23.00 resistance.
The expected trend for today: Bearish
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