Silver price hits the first target - Analysis - 02-12-2021

2021-12-02 05:26:23 GMT (Economies.com)
 

Silver price succeeded to achieve our first waited target at 22.20 after the strong decline that it witnessed yesterday, and continues to move inside the bearish channel that supports the chances of heading towards the previously recorded low at 21.40 as a next main target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 22.70 will push the price to test 23.15 areas again before any new attempt to decline.

 

The expected trading range for today is between 21.80 support and 22.70 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1283
-0.0014
0.1244%
1.3488
0.0010
0.0753%
Tadawul
12108.56
56.61
0.47%
23.758
-0.058
0.246%
84.680
1.139
1.363%
87.64
1.30
1.51%
1847.120
7.655
0.416%
 
 
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