Silver price approaches the target - Analysis - 02-03-2021

2021-03-02 05:11:44 GMT (Economies.com)
 

Silver price opens today’s trading with clear negativity to approach our waited target at 25.50, reinforcing the expectations of continuing the bearish trend, being aware that we need to monitor the price behavior at the mentioned level, as breaking it will extend the bearish wave and open the way to achieve additional negative targets that reach 24.70 initially.

 

On the other hand, we should note that the continuation of the bearish wave requires holding below 27.15.

 

The expected trading range for today is between 25.50 support and 26.80 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2046
0.0020
0.1663%
1.3879
-0.0074
0.5304%
Tadawul
10127.90
18.31
0.18%
26.032
0.240
0.932%
62.010
-1.168
1.849%
65.91
0.51
0.78%
1782.330
10.880
0.614%
 
 
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