Silver price completes negative pattern - Analysis - 13-09-2021

Economies.com
2021-09-13 04:14AM UTC

Silver price traded with clear negativity in the previous sessions to break 23.80 and settles below it, which turns the intraday track to the downside, and by taking a deeper look at the chart, we find that the price completed forming head and shoulders’ pattern that we expect to push the price to achieve additional negative trades in the upcoming sessions.

 

Therefore, the bearish bias will be expected on the intraday basis, and the targets begin at 23.35 and extend to 22.90, noting that the continuation of the suggested bearish wave depends on the price stability below 23.80.

 

The expected trading range for today is between 23.35 support and 24.00 resistance.

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price still confined – Forecast today – 29-3-2024
2024-03-29 06:16AM UTC
Natural Gas Price Forecast for Today - 29-3-2024 No news for natural gas price until this ...
Platinum Analysis

Commodities

Platinum price renews the positive action – Forecast today – 29-3-2024
2024-03-29 06:10AM UTC
Platinum Price Forecast for Today - 29-3-2024 Platinum price confirmed keeping the bullish ...
Copper Analysis

Commodities

Copper price gets the positive momentum – Forecast today – 29-3-2024
2024-03-29 06:09AM UTC
Copper Price Forecast for Today - 29-3-2024 Copper price repeated the positive stability ...