Silver price attempts to recover - Analysis - 06-12-2021

2021-12-06 05:05:58 GMT (Economies.com)
 

Silver price touched 22.00 level and bounced bullishly to fluctuate around 22.50 level now, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the main bearish trend, which its next target located at 21.40.

 

The EMA50 keeps supporting the suggested bearish wave, noting that breaching 22.70 might push the price to test the most important resistance line for the current trades at 23.15 before any new attempt to decline.

 

The expected trading range for today is between 22.00 support and 22.80 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1285
-0.0012
0.1071%
1.3492
0.0015
0.1094%
Tadawul
12108.56
56.61
0.47%
23.796
-0.020
0.084%
85.079
1.538
1.841%
87.98
1.67
1.93%
1849.180
9.715
0.528%
 
 
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