Silver price breaks the support - Analysis - 22-10-2021

2021-10-22 00:03:43 GMT (Economies.com)
 

Silver price ended yesterday below 24.20, which puts the price under expected negative pressure in the upcoming sessions, on its way to test 23.15 before any new attempt to rise again.

 

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 24.20 and holding above it will reactivate the bullish trend scenario that its next main target located at 25.05.

 

The expected trading range for today is between 23.60 support and 24.60 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1310
0.0040
0.3540%
1.3311
0.0002
0.0113%
Tadawul
10810.60
-60.02
0.55%
22.858
-0.188
0.814%
68.207
-4.194
5.793%
71.62
-1.82
2.48%
1793.490
8.400
0.471%
 
 
Live Forex Updates