Silver price exits the Bearish channel - Analysis - 15-10-2021

2021-10-15 04:12:38 GMT (Economies.com)
 

Silver price surpassed the bearish channel’s resistance and settled above it, to start bullish wave that its targets begin at 24.20, noticing that the price completed forming inverted head and shoulders’ pattern that appears on the chart, which has positive targets that extend to reach 25.00 areas.

 

Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that the continuation of the bullish wave requires holding above 23.15.

 

The expected trading range for today is between 23.15 support and 24.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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