Silver price exits the channel - Analysis - 30-04-2021

Economies.com
2021-04-30 00:41AM UTC

Silver price broke the intraday bullish channel’s support line clearly and settled below it, but we notice that the price attempt to recover to trade near the broken support, in attempt to step above it, motivated by stochastic positivity, which keeps the overall positive scenario active, which targets 27.00 level as a next station.

 

We remind you that the continuation of the expected bullish wave requires holding above 25.50.

 

The expected trading range for today is between 25.70 support and 26.70 resistance.

 

The expected trend for today: Bullish

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