Silver price resumes the rise - Analysis - 17-05-2021

2021-05-17 03:55:30 GMT (Economies.com)
 

Silver price continues to rise to approach 28.00 barrier now, moving organized inside the intraday bullish channel that appears on the chart, noting that the positive effect of the previously completed inverted head and shoulders’ pattern still active.

 

Therefore, the bullish trend will remain dominant in the upcoming sessions, which targets 28.35 followed by 29.00 levels as next main stations, reminding you that it is important to hold above 26.60 to achieve the suggested targets.

 

The expected trading range for today is between 27.70 support and 28.35 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1927
0.0026
0.2142%
1.3915
0.0021
0.1529%
Tadawul
10919.68
6.62
0.06%
25.948
-0.041
0.158%
73.277
1.451
2.020%
75.56
0.32
0.43%
1775.425
-2.965
0.167%
 
 
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