Silver price approaches the extended target - Analysis - 01-07-2022

2022-07-01 03:51:43 GMT (Economies.com)
 

Silver price traded with clear negativity yesterday to surpass our first target at 20.50 and approaches the extended target at 20.00, moving within bearish channel that supports the chances of achieving more expected decline in the upcoming sessions, to head towards 19.55 areas on the near term basis.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 20.50.

 

The expected trading range for today is between 19.70 support and 20.50 resistance.

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9680
0.0025
0.2600%
1.0797
-0.0023
0.2107%
18.715
-0.143
0.758%
81.874
2.580
3.254%
89.32
3.00
3.48%
1653.350
7.990
0.486%
 
 
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