Silver price approaches the target – Analysis - 28-02-2019
Economies.com
2019-02-28 05:06AM UTC
Silver price trades negatively since yesterday to approach our main waited targe at 15.62, noticing that stochastic provides negative signals that support the chances of breaking the mentioned level and extend the bearish wave to target 15.22 on the near term basis.
Therefore, we expect the continuation of the bearish bias in the upcoming period, noting that breaching 16.00 will stop the current negative pressure and lead the price to rise again.
The expected trading range for today is between 15.50 support and 15.85 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...