Silver price gathers the positive momentum – Analysis - 29-12-2020

2020-12-29 04:59:16 GMT (Economies.com)
 

Silver price shows slight bearish bias after approaching our waited target at 26.88, noticing that stochastic gets rid of its negative momentum to head towards the oversold areas, waiting to motivate the price to resume the main bullish trend, which its targets begin by surpassing the mentioned level to rally towards 27.65 as a next station.

 

Therefore, the bullish trend scenario will remain valid and active for today conditioned by the price stability above 25.06.

 

The expected trading range for today is between 25.80 support and 27.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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