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

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1346	-0.0058	0.5127%
Midday update for the EURUSD 21-01-2022
	GBP/USD	1.3554	-0.0103	0.7569%

	Tadawul	12238.77	-35.50	0.29%

	Silver	24.347	1.336	5.803%

	Oil	84.900	1.031	1.229%
Midday update for Crude oil 21-01-2022
	Brent Oil	87.69	-0.69	0.78%

	Gold	1834.610	14.150	0.777%
Midday update for Gold 21-01-2022

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