Silver price breaks the support - Analysis - 27-10-2021
Economies.com
2021-10-27 04:29AM UTC
Silver price broke 24.20 level strongly and closed the daily candlestick below it, to fall under expected negative pressure in the upcoming sessions, targeting testing 23.15 mainly.
Breaking 23.95 will reinforce the expectations to decline and achieve the mentioned target, while breaching 24.20 will stop the current negative pressure and push the price to resume the correctional bullish trend.
The expected trading range for today is between 23.50 support and 24.30 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...