Silver price faces new negative pressure - Analysis - 30-01-2023

Economies.com
2023-01-30 05:03AM UTC

Silver price returned to rise after the decline that it witnessed in the previous sessions, supported by stochastic positivity, waiting to breach 23.80 resistance line to ease the mission of heading towards our first waited positive target at 24.55.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that breaking 23.55 will put the price under additional negative pressure to test 23.05 level before any new positive attempt.

 

The expected trading range for today is between 23.30 support and 24.15 resistance.

 

The expected trend for today: Bullish

Commodities News

Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...
Silver Analysis

Commodities

Silver price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Silver Price Analysis Silver price faces expected negative pressure to test the key support ...