Silver price loses momentum - Analysis - 01-04-2021

2021-04-01 04:26:21 GMT (Economies.com)
 

Silver price shows more rise to fluctuate around 24.30, noticing that stochastic lost its positive momentum to reach the oversold areas, while the EMA50 continues to press negatively on the price.

 

Therefore, we believe that the chances are valid to resume the main bearish trend, which targets 22.90 as a next main station, reminding you that it is important to hold below 25.50 to continue the expected decline.

 

The expected trading range for today is between 23.60 support and 24.70 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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