Silver price completes a positive pattern - Analysis - 10-05-2021

Economies.com
2021-05-10 00:26AM UTC

Silver price continues to rise to settle around 27.55, noticing that the price completed forming inverted head and shoulders’ pattern that its signs appear on the chart, to get strong positive motive that supports the expectations of extending the bullish wave towards 28.25 followed by 29.00 levels.

 

Therefore, we expect witnessing more rise in the upcoming sessions supported by the EMA50, conditioned by the price stability above 26.35.

 

The expected trading range for today is between 27.00 support and 28.25 resistance.

 

The expected trend for today: Bullish

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