Silver price awaits the breach - Analysis - 31-01-2023

Economies.com
2023-01-31 04:48AM UTC

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

Commodities

Gold edges down and logs in weekly losses
2024-05-24 20:39PM UTC
Gold prices fell on Friday even as the dollar lost ground against a basket of major rivals, with ...
Oil News

Commodities

Oil prices add over 1.5% following strong manufacturing data
2024-05-23 14:51PM UTC
Global oil prices rose over 1.5% in American trade on Thursday, on track for the first profit in ...
Gold News

Commodities

Gold plumbs one-week trough after hawkish Fed's minutes
2024-05-23 09:50AM UTC
Gold prices fell in European trade on Thursday on track for the third loss in a row, plumbing ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since ...

Commodities

Crude oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price settles around 77.00$ barrier, ...
Silver Analysis

Commodities

Silver price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Silver Price Analysis Expected Scenario Silver price tested the broken bullish trend line ...