Silver price loses momentum - Analysis - 18-02-2021

2021-02-18 05:08:10 GMT (Economies.com)
 

Silver price trades positively to retest the previously broken support line that turns into resistance now at 27.50, noticing that stochastic meets this resistance to add more strength to it, while stochastic enters the overbought areas.

 

Therefore, the bearish trend will remain expected for the upcoming period conditioned by the price stability below 27.50, reminding you that our waited targets begin at 26.00 followed by 25.50.

 

The expected trading range for today is between 26.60 support and 28.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2001
-0.0025
0.2091%
1.3825
-0.0128
0.9166%
Tadawul
10127.90
18.31
0.18%
25.993
0.202
0.781%
61.100
-2.078
3.289%
65.26
0.01
0.02%
1779.370
7.920
0.447%
 
 
Live Forex Updates