Silver price continues to rise to retest the broken neckline of the triple top pattern at 22.60, and the EMA50 meets this resistance to add more strength to it and keeps the chances valid to continue the expected negative scenario for the upcoming period, waiting to head towards 22.00 initially.

Note that breaching 22.60 will lead the price to achieve more gains and head to test 23.15 areas mainly.

The expected trading range for today is between 22.00 support and 22.75 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1342	-0.0062	0.5428%
Midday update for the EURUSD 19-01-2022
	GBP/USD	1.3609	-0.0048	0.3540%

	Tadawul	12260.13	73.83	0.61%

	Silver	24.110	1.098	4.769%

	Oil	85.099	1.230	1.467%
Midday update for Crude oil 19-01-2022
	Brent Oil	88.44	0.93	1.06%

	Gold	1839.110	18.650	1.024%
Update: Gold price breaches the resistance

Live Forex Updates

Dollar extends gains as US Treasury yields rally

2022-01-18 13:41:06 GMT

European economic sentiment jumps to highest level since July 2021

2022-01-18 11:17:33 GMT

German economic sentiment hits 6-month high

2022-01-18 11:15:58 GMT

Euro under pressure after another jump in US bonds

2022-01-18 09:40:54 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.