Silver price awaits the breach - Analysis - 31-01-2023
4 months ago

Silver price faces strong resistance at 23.70, and the EMA50 meets this level to add more strength to it, waiting to get positive motive that assists to push the price to breach this level and open the way to head towards our expected target at 24.55.


Until now, the bullish trend scenario still valid unless breaking 23.55 and holding below it, reminding you that breaking this level will push the price to decline towards 23.05 direct.


The expected trading range for today is between 23.30 support and 24.00 resistance.


The expected trend for today: Bullish

Commodities News

Gold News


Gold declines under pressure from the dollar
37 minutes ago
Gold prices declined in European trade for the first session in three under pressure from the ...
Gold News


Gold extends gains but still trades below $2,000
14 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Copper News


Copper loses momentum amid economic concerns and technical signals
17 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...

Commodities Technical Analysis

Natural gas Analysis


Natural gas price without any change – Analysis – 7-6-2023
4 hours ago
Natural gas price still waiting for any motivate to manage to exit the recently dominating calm ...
Platinum Analysis


Platinum price fluctuates below the barrier – Analysis – 7-6-2023
4 hours ago
Platinum price still consolidated below 1040.00 barrier until now, to hinder the chances of ...
Copper Analysis


Copper price needs new momentum – Analysis – 7-6-2023
4 hours ago
Copper price kept its positive stability above 3.5700 support line, to increase the chances of ...