Silver price loses momentum - Analysis - 22-07-2021

2021-07-22 04:14:00 GMT (Economies.com)
 

Silver price achieved intraday gains yesterday and settled around 25.20, noticing that stochastic shows clear overbought signals now, while the EMA50 continues to form the negative pressure on the price.

 

Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin by breaking 24.95 to confirm opening the way to head towards 23.76, noting that the continuation of the bearish wave depends on the price stability below 25.65.

 

The expected trading range for today is between 24.50 support and 25.65 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1845
0.0057
0.4874%
1.3905
0.0108
0.7842%
Tadawul
10933.73
22.68
0.21%
25.006
-0.205
0.815%
72.414
0.773
1.079%
74.74
0.31
0.42%
1809.675
7.540
0.418%
 
 
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