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

Gold News

Commodities

Gold falls over 1% and marks weekly losses
2024-06-21 20:25PM UTC
Gold prices fell on Friday as the dollar gained ground against most major rivals, with the precious ...
Palladium News

Commodities

Palladium climbs to three-week high
2024-06-21 15:43PM UTC
Palladium prices rose on Friday with a 3% surge, hitting three-week highs and becoming the best ...
Oil News

Commodities

Oil approaches second weekly profits as demand improves
2024-06-21 14:52PM UTC
Oil futures were mostly flat on Friday but headed for the second weekly profit in a row amid signs ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 21-06-2024
2024-06-21 17:17PM UTC
Crude oil price shows more bearish bias to head towards testing the bullish channel’s support ...
Silver Analysis

Commodities

End of day silver price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Silver price broke 30.06$ level clearly and heads toward achieving more expected decline in the ...
Gold Analysis

Commodities

End of day gold price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Gold price faces clear negative pressure, as it broke 2340.10$ level and closed the last four ...