Silver price hits the first target - Analysis - 27-09-2021

2021-09-27 04:07:37 GMT (Economies.com)
 

Silver price managed to touch our first target at 22.30 and found solid support there, to show bullish bias and approach the key resistance 22.90, waiting to rebound bearishly to resume the main bearish trend, which its targets extend to 21.65 followed by 20.75.

 

The negative effect of the head and shoulders’ pattern still active, reminding you that it is important to hold below 22.90 to continue the expected decline.

 

The expected trading range for today is between 22.10 support and 23.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1600
-0.0012
0.1016%
1.3738
-0.0031
0.2248%
Tadawul
11807.79
-43.89
0.37%
24.078
-0.399
1.628%
82.093
-2.834
3.337%
84.12
-2.30
2.66%
1797.180
-6.865
0.381%
 
 
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