Silver price achieves the target – Analysis - 20-11-2020

Economies.com
2020-11-20 04:47AM UTC

Silver price succeeded to achieve our waited target at 23.60 and bounced bullishly from there, which hints the price head to resume the bullish trend in the upcoming sessions, on its way to test 25.06 level initially.

 

Therefore, we expect witnessing more bullish bias today, and the first target is located at 25.06, which breaching it represents the key to rally towards 26.00 followed by 26.88 levels, noting that the continuation of the bullish wave depends on the price stability above 23.60.

 

The expected trading range for today is between 23.60 support and 25.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Oil News

Commodities

Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Gold News

Commodities

Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...
Technical Analysis

Commodities

Soybean price reactivates the correctional scenario – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Soybean Price Analysis Soybean price breached the 1193.10$ level clearly and closed the daily ...
Technical Analysis

Commodities

Corn price hits the target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Corn Price Analysis Corn price rallied upwards yesterday to succeed achieving our first waited ...