Silver price tests the channel’s support - Analysis - 14-05-2021
Economies.com
2021-05-14 04:48AM UTC
Silver price continued to decline to reach the intraday bullish channel’s support line and keeps its stability above it until now, waiting to rebound bullishly to resume the expected bullish trend for the upcoming period, which targets 28.25 level initially.
We should note that breaking 26.60 and holding below it will stop the suggested positive scenario and press on the price to achieve additional decline to visit 25.50 level before any new attempt to rise.
The expected trading range for today is between 26.60 support and 27.50 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...