Silver price is stable – Analysis - 12-01-2021
Economies.com
2021-01-12 05:22AM UTC
Silver price keeps its stability below 25.50, noticing that the recent trades are confined within bearish pennant pattern, thus, breaking 24.85 will motivate the price to resume the intraday bearish trend, which its next main target located at 22.87.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 25.50 and holding above it.
The expected trading range for today is between 24.30 support and 25.50 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
Commodities
Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price settles within a tight range ...
Commodities
Crude oil price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price fluctuates within a tight ...
Commodities
Silver price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Silver Price Analysis Expected Scenario Silver price continues to rise to achieve our ...