Silver price hits the first target - Analysis - 30-09-2021
Economies.com
2021-09-30 04:18AM UTC
Silver price succeeded to achieve our first waited target at 21.65 after the strong decline that it witnessed yesterday, settling below the mentioned level to confirm the continuation of the bearish trend domination on the intraday and short term basis, noting that our next target is located at 20.75.
The EMA50 supports the suggested negative scenario, and breaking 21.25 will ease the mission of achieving the mentioned target, while holding below 22.20 represents key condition to continue the expected decline.
The expected trading range for today is between 21.00 support and 22.00 resistance.
The expected trend for today: Bearish
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