Silver price needs negative motive - Analysis - 24-09-2021

2021-09-24 04:10:21 GMT (Economies.com)
 

Silver price crawls downwards gradually, falling under continuous negative pressure coming by the EMA50, waiting for more decline to visit 22.30 followed by 21.65 levels as main negative stations.

 

In general, we will continue to suggest the bearish trend, affected by the previously completed head and shoulders’ pattern, unless breaching 22.90 level and holding above it.

 

The expected trading range for today is between 22.10 support and 22.90 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1599
-0.0013
0.1111%
1.3738
-0.0031
0.2266%
Tadawul
11807.79
-43.89
0.37%
24.079
-0.397
1.622%
82.088
-2.839
3.343%
84.24
-2.16
2.50%
1797.660
-6.385
0.354%
 
 
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