Silver price is around the channel’s resistance - Analysis - 08-04-2021

2021-04-08 04:16:50 GMT (Economies.com)
 

Silver price trades around the correctional bearish channel’s resistance that appears on the chart, and stochastic continues to provide the negative signals, to keep our bearish overview that targets 22.90 level mainly.

 

The price needs to break 24.75 to reinforce the expectations to decline, taking into consideration that the continuation of the bearish wave requires holding below 25.50.

 

The expected trading range for today is between 24.40 support and 25.50 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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