Silver price declines calmly - Analysis - 29-03-2021

2021-03-29 04:29:32 GMT (Economies.com)
 

Silver price trades with calm negativity to move away gradually from 25.00 barrier, which support the continuation of our bearish overview, supported by the negative pressure formed by the EMA50, noticing that the price moves inside bearish channel that supports the chances of heading towards our negative targets that reach 24.00 on the near term basis.

 

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 25.50 and holding above it.

 

The expected trading range for today is between 24.30 support and 25.20 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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