Silver price breaches the resistance - Analysis - 13-03-2023
2023-03-13 04:09AM UTC

Silver price begins today with clear positivity to breach 20.64 level and settles above it, which stops the correctional bearish scenario and leads the price to start recovery attempts on the intraday basis, as it exited the bearish channel to head towards achieving gains that start at 21.40.


Therefore, the bullish bias will be suggested for today, supported by moving above the EAM50, noting that surpassing the targeted level will push the price to 22.13 as a next positive target.


On the other hand, we should note that breaking 20.64 will stop the positive scenario and push the price to decline again.


The expected trading range for today is between 20.60 support and 21.25 resistance.

The expected trend for today: Bullish

Commodities News

Gold News


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


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


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


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 ...


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


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 ...