Silver price achieves strong gains – Analysis - 08-08-2019

2019-08-08 05:10:22 GMT (Economies.com)
 

Silver price rallied upwards strongly yesterday to approach our waited target at 17.30, and the price is affected by the previously completed double bottom pattern, which has positive targets that extend further to reach 18.45.

 

Therefore, we believe that the chances are valid to surpass 17.30 and achieve more gains in the upcoming period, conditioned by the price stability above 16.50.

 

The expected trading range for today is between 17.00 support and 17.40 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1127
-0.0005
0.0433%
1.3351
0.0011
0.0835%
Tadawul
8049.50
43.73
0.55%
16.940
0.368
2.221%
59.797
0.686
1.161%
65.22
1.02
1.59%
1475.445
15.600
1.069%
 
 
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