Silver price draws negative pattern - Analysis - 06-01-2022

2022-01-06 05:12:47 GMT (Economies.com)
 

Silver price tested the key resistance 23.15 and bounced downwards strongly from there, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the formation of triple top pattern that appears on the chart.

 

Therefore, we are waiting for more decline in the upcoming sessions, and breaking 22.60 will provide strong positive that supports the expectations of achieving the waited negative targets at 22.20 followed by 22.00, reminding you that the continuation of the bearish wave requires holding below 23.15.

 

The expected trading range for today is between 22.00 support and 23.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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