Silver price surpasses the first negative target – Analysis - 11-01-2021

Economies.com
2021-01-11 05:05AM UTC

Silver price broke 25.50 level strongly and opens the way to continue the decline on the short term basis, expecting to head towards 22.87 areas as a next main target, noting that surpassing this level will push the price to suffer more losses on the longer term basis.

 

Therefore, the bearish trend will be suggested for the upcoming sessions unless the price managed to breach 25.50 and hold above it.

 

The expected trading range for today is between 23.80 support and 25.00 resistance.

 

The expected trend for today: Bearish

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