Silver price gets a negative close - Analysis - 21-07-2021
Economies.com
2021-07-21 04:39AM UTC
Silver price closed yesterday below 24.95, to support the expectations of continuing the bearish trend on the intraday and short term basis, paving the way to head towards the previously recorded low at 23.76 as a next main target.
Therefore, our bearish overview will remain valid for the upcoming period supported by the negative pressure formed by the EMA50, noting that trading above 24.95 again will lead the price to start recovery attempts that target testing 25.65 areas initially.
The expected trading range for today is between 24.30 support and 25.30 resistance.
The expected trend for today: Bearish
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