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

Economies.com
9 months ago

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.

 

Open Live Trading Account

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold climbs over 1%, approaching $2,000 once more
5 hours ago
Gold prices rose on Thursday as the dollar lost ground against most major rivals following ...
Oil News

Commodities

Oil climbs to five-week high as dollar weakens
12 hours ago
Oil prices rose in European trade on Thursday for a second session, almost hitting five-week highs ...
Gold News

Commodities

Gold gains ground as dollar tapers off
15 hours ago
Gold prices rose in European trade, resuming gains as the dollar slowed down against major ...

Commodities Technical Analysis

Oil Analysis

Commodities

Midday update for Crude oil 08-06-2023
14 hours ago
Crude oil price shows negative trades to head towards testing potential test to the key support ...
Silver Analysis

Commodities

Midday update for Silver 08-06-2023
14 hours ago
Silver price returns to attack 23.00 level, motivated by the positive overlapping signal provided ...
Gold Analysis

Commodities

Midday update for Gold 08-06-2023
14 hours ago
Gold prices provides positive trades to move above 1945.20, affected by stochastic positivity, ...