Silver price surpasses the first target - Analysis - 09-08-2022

2022-08-09 04:22:35 GMT (Economies.com)
 

Silver price rallied upwards strongly to succeed breaching 20.50 level and hold above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to head towards our next target at 21.00.

 

The EMA50 continues to support the price from below, to support the chances of achieving more gains on the intraday and short term basis, noting that holding above 20.50 represents initial condition to continue the bullish wave.

 

The expected trading range for today is between 20.40 support and 21.20 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9690
0.0035
0.3640%
1.0805
-0.0015
0.1409%
18.853
-0.006
0.032%
82.289
2.995
3.777%
89.32
3.00
3.48%
1658.150
12.790
0.777%
 
 
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