Silver price hits the first target - Analysis - 24-06-2022

Economies.com
2022-06-24 04:36AM UTC

Silver price declined strongly yesterday to achieve our first negative target at 20.95, waiting for more decline to visit 20.50 as a next main target.

 

The EMA50 continues to support the suggested bearish wave, taking into consideration that breaching 21.25 might push the price to recover and achieve intraday gains that reach 21.85 before any new negative attempt.

 

The expected trading range for today is between 20.50 support and 21.30 resistance.

 

Open Live Trading Account

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Oil Analysis

Commodities

Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Silver Analysis

Commodities

Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...