Silver price is stable – Analysis - 16-12-2019

Economies.com
2019-12-16 05:56AM UTC

Silver price continues to fluctuate near 16.96 level and keeps its stability above it, which keeps the bearish trend scenario valid until now, pointing that we are waiting for visiting 16.33 level as a next main target.

 

You should be aware that breaching 16.96 will lead the price to begin recovery attempts that target testing 17.60 levels initially.

 

The expected trading range for today is between 16.50 support and 17.10 resistance.

 

The expected trend for today: Bearish

 

 

Commodities News

Gold News

Commodities

Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Silver News

Commodities

Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Gold News

Commodities

Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...

Commodities Technical Analysis

Silver Analysis

Commodities

Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Oil Analysis

Commodities

Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...