Silver price continues to decline - Analysis - 30-03-2021

2021-03-30 04:45:53 GMT (Economies.com)
 

Silver price shows more bearish bias to head gradually towards our waited negative target at 24.00, organized inside the bearish channel that appears on the chart, supported by the EMA50 that presses negatively on the price.

 

Therefore, the bearish trend scenario will remain active for the upcoming period, noting that surpassing the mentioned level will extend the bearish wave to reach 22.90 as a next main station, while the decline will remain valid unless the price rallied to breach 25.50 and hold above it.

 

The expected trading range for today is between 24.00 support and 25.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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