Silver price shows clear positive trades to approach our main waited target at 22.67, and the positive effect of the inverted head and shoulders pattern continues, to support the chances of surpassing this level and achieve more gains on the longer term basis.

Therefore, the bullish bias will remain valid supported by the EMA50 unless breaking 21.85 followed by 21.50 levels and holding below them.

The expected trading range for today is between 22.10 support and 22.80 resistance.

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The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0173	-0.0046	0.4502%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2102	-0.0003	0.0235%

	Silver	20.101	-0.150	0.741%

	Oil	86.815	-0.446	0.511%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1774.310	-7.375	0.414%
Midday update for Gold 16-08-2022

Live Forex Updates

Euro declines to two-week lows on economic recession concerns

2022-08-16 09:50:42 GMT

Europe's economic sentiment swoons to 2011 lows

2022-08-16 09:36:47 GMT

Germany's economic sentiment tumbles to 2008 lows

2022-08-16 09:33:31 GMT

Dollar extends gains even after disappointing Chinese data

2022-08-15 12:48:12 GMT

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