Silver price consolidates above the support - Analysis - 10-09-2021

Economies.com
2021-09-10 04:36AM UTC

Silver price found solid support at 23.80, to start providing positive trades and head towards resuming the intraday bullish wave, as it attempts to return to the bullish channel that appears on the chart.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions, which targets testing 24.75 initially, taking into consideration that breaking 23.80 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 23.70 support and 24.75 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Copper News

Commodities

Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Brent Oil News

Commodities

Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...

Commodities Technical Analysis

Oil Analysis

Commodities

Update: Crude oil price hits the first target
2024-05-14 15:07PM UTC
Crude oil price succeeded to touch our first waited targe tat 77.64$ and finds solid support there, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...
Oil Analysis

Commodities

Crude oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price provides additional negative ...