Silver price approaches the major resistance - Analysis - 14-10-2021

2021-10-14 04:29:13 GMT (Economies.com)
 

Silver price surpassed 22.90 level and approached the main bearish channel’s resistance, but it rebounds bearishly to hint heading to resume the main bearish trend, waiting to build bearish wave that targets heading towards 21.65 areas initially.

 

Stochastic shows negative signals that support the expected decline, which will remain valid unless the price rallie to breach 23.30 and hold above it, noting that breaking 22.90 is required to ease the mission of continuing the suggested bearish wave.

 

The expected trading range for today is between 22.40 support and 23.30 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1601
-0.0012
0.0990%
1.3738
-0.0031
0.2241%
Tadawul
11807.79
-43.89
0.37%
24.072
-0.404
1.651%
82.083
-2.844
3.349%
84.12
-2.30
2.66%
1797.105
-6.940
0.385%
 
 
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