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Silver price attempts to recover - Analysis - 17-08-2021
Silver price bounced bullishly to breach 23.75 level and settles above it, which leads the price to achieve more expected rise on the intraday basis, on its way to test the bearish channel’s resistance around 24.75 as a main target.
Therefore, the bullish bias will be suggested in the upcoming sessions, and the price needs to surpass 23.90 to ease the mission of achieving the mentioned target, noting that breaking 23.75 will put the price under the negative pressure again.
The expected trading range for today is between 23.60 support and 24.40 resistance.
The expected trend for today: Bullish
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