Silver price gathers the positive momentum - Analysis - 03-08-2022

2022-08-03 03:53:50 GMT (Economies.com)
 

Silver price faced solid resistance at 20.50, to reound bearishly and approach the EMA50 that continues to support the price from below, noticing that stochastic gained clear positive momentum now, waiting to motivate the price to resume the bullish wave that its next target reaches 21.00.

 

In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 19.60.

 

The expected trading range for today is between 19.60 support and 20.50 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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