Silver price reaches the extended target - Analysis - 20-07-2021
Economies.com
2021-07-20 03:14AM UTC
Silver price achieved additional decline yesterday to reach few pips away from our waited target at 24.95, expecting to resume the negative trades to break this level and open the way to target the previously recorded low at 23.76 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 25.65 will stop the expected decline and lead the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 24.50 support and 25.60 resistance.
The expected trend for today: Bearish
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