Silver price achieves clear gains - Analysis - 04-10-2021

Economies.com
1 year ago

Silver price surpassed 22.20 level and achieved additional gains, to approach the most important resistance at 22.90, noticing that the price settles below the intraday bearish channel’s resistance, while stochastic shows clear overbought signals.

 

Therefore, we believe that the chances valid to resume the bearish trend in the upcoming sessions, to head towards testing 21.65 areas initially, taking into consideration that breaching 22.90 will lead the price to achieve additional rises and test 23.60 level before any new attempt to decline.

 

The expected trading range for today is between 22.00 support and 22.80 resistance.

 

The expected trend for today: Bearish

Commodities News

Palladium News

Commodities

Palladium climbs as dollar reverses course
3 days ago
‏Palladium prices rose on Friday as the dollar lost ground against most major rivals while ...
Oil News

Commodities

Oil prices on track for second weekly profit in row
3 days ago
Oil prices rose in European trade on Friday after a pause from gains yesterday on profit-taking off ...
Silver News

Commodities

Silver prices on track for the third weekly loss in row as dollar strengthens
3 days ago
Silver prices rose in European trade for the first time in five days off two-month lows hit earlier ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

No news for natural gas price – Analysis – 30-5-2023
1 hour ago
No news for natural gas price, to continue forming weak sideways waves near 2.350 and keep its main ...
Platinum Analysis

Commodities

Platinum price tends towards the negativity – Analysis – 30-5-2023
1 hour ago
Despite the recent platinum price weak trades, its frequent consolidation near the MA55 confirms ...
Copper Analysis

Commodities

Copper price postpones the decline – Analysis – 30-5-2023
1 hour ago
Copper price was affected by the stability of the historical support 3.5500, to force it to ...