Silver price hits the first target - Analysis - 14-09-2021

2021-09-14 04:18:34 GMT (Economies.com)
 

Silver price managed to achieve our first waited target at 23.80 and bounced bullishly to retest the broken neckline of the head and shoulders’ pattern that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, which supports the chances of resuming the negative trades in attempt to head towards our next target that reaches 22.90.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 23.80.

 

The expected trading range for today is between 23.20 support and 24.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1738
0.0024
0.2062%
1.3718
0.0042
0.3078%
Tadawul
11270.57
-40.58
0.36%
22.697
0.396
1.776%
73.480
2.547
3.591%
77.54
0.27
0.35%
1754.130
-2.675
0.152%
 
 
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