Silver price is recovering – Analysis - 01-12-2020
Economies.com
2020-12-01 04:59AM UTC
Silver price could not manage to hold for long time below 22.13, to trade with clear positivity and heads towards potential visit to 23.60 level, which makes us suggest witnessing more rise in the upcoming sessions, noting that the targeted level represents solid resistance that we expect to push the price to resume the main bearish trend again.
On the other hand, we should note that breaching 23.60 will push the price to achieve more intraday gains, while breaking 22.13 represents the key to return to the main bearish track that its next target located at 20.31.
The expected trading range for today is between 22.20 support and 23.60 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Wheat price tests the support base – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Wheat Price Analysis Expected Scenario Wheat price continues to press on 597.10$ support ...
Commodities
Soybean price attempts to recover – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Soybean Price Analysis Expected Scenario Soybean price begins today with clear positivity to ...
Commodities
Corn price surpasses the resistance – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Corn Price Analysis Expected Scenario Corn price resumed its positive trading clearly to ...