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
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