Silver price loses momentum - Analysis - 07-10-2021

2021-10-07 04:20:35 GMT (Economies.com)
 

Silver price faces solid support at 22.30, to show temporary positive trades, noticing that stochastic shows clear overbought signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 21.65 as a first station.

 

Breaking 22.30 is required to confirm rallying towards the waited negative targets, while holding below 22.90 represents key condition to continue the expected decline.

 

The expected trading range for today is between 22.00 support and 22.70 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9691
-0.0286
2.8680%
1.0768
-0.0598
5.2623%
18.691
-0.568
2.949%
78.390
-4.100
4.970%
86.00
-0.21
0.24%
1645.685
-18.265
1.098%
 
 
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