Silver price closes negatively – Analysis - 24-11-2020
Economies.com
2020-11-24 02:39AM UTC
Silver price broke 23.60 level and closed the daily candlestick below it, to start today with new decline and moves away from the mentioned level, which leads the price to turn to decline and head to achieve negative targets that reach 22.17 on the near term basis.
Therefore, we expect witnessing more decline today, supported by the negative pressure formed by the EMA50, noting that breaching 23.60 will stop the expected negative scenario and push the price to rise again.
The expected trading range for today is between 22.50 support and 24.00 resistance.
The expected trend for today: Bearish
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