Silver price retests the neckline - Analysis - 11-01-2022

2022-01-11 04:49:23 GMT (Economies.com)
 

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

 
 
 
  Symbol Last Change Chg.%
1.1342
-0.0062
0.5428%
1.3609
-0.0048
0.3540%
Tadawul
12260.13
73.83
0.61%
24.110
1.098
4.769%
85.099
1.230
1.467%
88.44
0.93
1.06%
1839.110
18.650
1.024%
 
 
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