Silver price attacks the support - Analysis - 01-06-2022

2022-06-01 04:27:06 GMT (Economies.com)
 

Silver price provided additional negative trades yesterday to press on the key support that declines now to 21.55, which hints heading to cancel the positive pattern mentioned in our recent reports and return to the main bearish track again, but we prefer to monitor the price according to the mentioned level to confirm the next destination clearly.

 

Note that breaking 21.55 and holding below it will lead the price to continue the decline and achieve negative targets that start at 21.00 and extend to 20.50, while consolidating above it will push the price to resume the bullish trend that targets 22.67 mainly.

 

The expected trading range for today is between 21.10 support and 21.95 resistance.

 

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The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.0170
-0.0049
0.4790%
1.2102
-0.0002
0.0174%
20.103
-0.148
0.731%
86.716
-0.545
0.625%
92.34
-2.76
2.90%
1774.355
-7.330
0.411%
 
 
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