Silver price is stable - Analysis - 06-04-2021

2021-04-06 04:23:08 GMT (Economies.com)
 

Silver price shows sideways trading, settling around 24.85, fluctuating at the intraday bearish channel’s resistance that appears on the chart, waiting to resume the bearish bias that targets 22.90 as a next main station.

 

Until now, the bearish trend scenario still valid and active as long as 25.50 level remains intact, as breaching this level will stop the expected correctional decline and lead the price to regain the main bullish trend again.

 

The expected trading range for today is between 24.20 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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