Silver price keeps its positive stability - Analysis - 16-11-2021

Economies.com
2021-11-16 05:35AM UTC

Silver price settles above 25.05 level, noticing that stochastic begins to provide positive signals now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next main target located at 25.95.

 

The positive effect of the inverted head and shoulders’ pattern still active, which supports the chances of achieving more gains that extend to 27.00, reminding you that it is important to hold above 24.80 to achieve the waited targets.

 

The expected trading range for today is between 24.60 support and 25.70 resistance.

 

The expected trend for today: Bullish

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