Silver price tests the channel’s support line – Analysis - 07-01-2021
Economies.com
2021-01-07 05:41AM UTC
Silver price tested the intraday bullish channel’s support line that appears on the chart and keeps its stability above it, as the EMA50 provides good positive support to the price, which keeps the positive scenario valid for the upcoming period, waiting to visit 28.40 level that represents our next target.
On the other hand, we should note that breaking 26.65 will stop the expected rise and press on the price to test 25.50 before any new attempt to rise.
The expected trading range for today is between 26.65 support and 28.00 resistance.
The expected trend for today: Bullish
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