Silver price approaches the second target - Analysis - 14-03-2023

Economies.com
2 weeks ago

Silver price approached 22.00 barrier, showing sideways trades now, waiting to gather positive momentum that assists to push the price to resume the expected bullish wave on the intraday basis, which its next target located at 22.13.

 

The EMA50 carries the price from below, reinforcing the chances of achieving more gains in the upcoming sessions, noting that surpassing the suggested target will push the price to 23.05 as a next positive target.

 

On the other hand, we should note that breaking 21.40 followed by 20.64 levels will stop the expected bullish wave and press on the price to decline again.

 

The expected trading range for today is between 21.35 support and 22.10 resistance.

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold declines but marks weekly and monthly profits
18 hours ago
Gold prices fell on Friday as the dollar gained ground against most  major rivals following US ...
Palladium News

Commodities

Palladium climbs to near $1500 an ounce
22 hours ago
Palladium prices rose on Friday even as the dollar edged up against major rivals, with the metal ...
Oil News

Commodities

Oil extends gains to two-week high on supply shortage concerns
1 day ago
Oil prices rose in European trade for the second session, hitting two-week highs and on track for ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 31-03-2023
1 day ago
Brent oil price resumes its positive trading now to move away from 78.50 level, to support the ...
Oil Analysis

Commodities

Midday update for Crude oil 31-03-2023
1 day ago
Crude oil price is attempting to breach 74.50 level now, which supports the continuation of the ...
Silver Analysis

Commodities

Midday update for Silver 31-03-2023
1 day ago
Silver prices fluctuate near 24.00 level, waiting for more rise to surpass this level and rally ...