Silver price begins recovering – Analysis - 15-09-2020

Economies.com
2020-09-15 03:23AM UTC

Silver price breached 26.90 level and ended yesterday above it, to trade inside new bullish channel that carries the price to achieve expected gains in the upcoming sessions, on its way to visit 28.90 followed by 29.80 levels as main positive targets.

 

Therefore, the bullish bias will remain expected on the intraday and short term basis, noting that breaking 26.90 and holding below it will put the price under the correctional bearish pressure again.

 

The expected trading range for today is between 26.70 support and 28.20 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Silver News

Commodities

Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Gold News

Commodities

Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...

Commodities Technical Analysis

Silver Analysis

Commodities

Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Oil Analysis

Commodities

Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...