Silver price presses on the support – Analysis - 21-09-2020

Economies.com
2020-09-21 03:56AM UTC

Silver price fluctuates around 26.90 level and showed attempts to break it, and as we mentioned in our recent reports, the price needs to consolidate above this level to kep the bullish trend scenario active for the upcoming period, which its next targets located at 28.90 followed by 29.80.

 

Stochastic begins providing positive signals to motivate the price to resume the expected bullish trend, noting that breaking 26.90 will put the price under negative pressure that targets 25.06 areas mainly.

 

The expected trading range for today is between 26.30 support and 28.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Oil News

Commodities

Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Oil Analysis

Commodities

Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Silver Analysis

Commodities

Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...