Silver price settles above the resistance – Analysis - 29-01-2021
Economies.com
2021-01-29 04:46AM UTC
Silver price rallied upwards strongly yesterday to breach 25.50 and settles above it, to head towards achieving more expected gains on the intraday basis, on its way to visit 27.60 as a first positive target.
Moving above the EMA50 supports the expected rise, taking into consideration that breaking 25.50 and holding below it again will reactivate the correctional bearish trend scenario that its first target located at 24.30.
The expected trading range for today is between 25.50 support and 27.00 resistance.
The expected trend for today: Bullish
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