Silver price surpasses the target - Analysis - 21-10-2021

2021-10-21 04:11:47 GMT (Economies.com)
 

Silver price rallied upwards strongly to breach 24.20 and settles above it, confirming the extension of the correctional bullish wave on the intraday and short term basis, paving the way to head towards 25.05 that represents our next main target.

 

Therefore, we expect to witness more rise in the upcoming sessions, affected by the inverted head and shoulders’ pattern that its its signs appear on the chart, noting that holding above 24.20 represents initial condition to continue the expected rise.

 

The expected trading range for today is between 24.00 support and 25.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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