Silver price completes the negative pattern - Analysis - 25-04-2022
Economies.com
2022-04-25 01:31AM UTC
Silver price managed to break 24.20 level and begins today with additional decline to move below this level, to complete forming the double top pattern and get a negative motive that we are waiting to assist to push the price to achieve more decline in the upcoming sessions, as our next target is located at 23.15.
Therefore, our bearish overivew will remain valid on the intraday basis, noting that the price needs to hold below 24.20 to reinforce the suggested negative scenario.
The expected trading range for today is between 23.50 support and 24.40 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 ...