Silver price attacks the resistance – Analysis - 09-04-2019

Economies.com
2019-04-09 04:13AM UTC

Silver price attempted to breach 15.22 level but it kept the stability of the daily close below it, to keep the chances valid to resume the expected bearish trend for the upcoming period, which targets testing 14.73 level as a next main station.

 

Note that the continuation of the positive attempts and confirming breaching 15.22 will stop the expected decline and lead the price to achieve gains that start at 15.62.

 

The expected trading range for today is between 15.00 support and 15.35 resistance.

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Oil Analysis

Commodities

Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Silver Analysis

Commodities

Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...