Silver price hits the negative targets - Analysis - 07-01-2022

2022-01-07 04:54:21 GMT (Economies.com)
 

Silver price succeeded to achieve our main waited target at 22.00 and presses negatively on it, hinting heading to break this level and extend the bearish wave to reach 21.40 that represents our next target.

 

Therefore, we expect the continuation of the bearish trend domination on the intraday basis, affected by the trip top pattern that its signs appear on the chart, reminding you that it is important to hold below 22.60 to continue the suggested decline.

 

The expected trading range for today is between 21.60 support and 22.60 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5047%
1.3613
-0.0045
0.3284%
Tadawul
12260.13
73.83
0.61%
24.138
1.126
4.891%
86.168
2.299
2.741%
87.79
0.29
0.33%
1840.250
19.790
1.087%
 
 
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