Silver price tests the resistance – Analysis - 13-01-2021

2021-01-13 05:33:06 GMT (Economies.com)
 

Silver price ended yesterday around 25.50 level and shows attempts to breach it, which makes us prefer staying aside until the price confirms its situation according to this level followed by detecting its next destination clearly.

 

Note that breaching the mentioned level will push the price to resume the main bullish trend and achieve positive targets that start at 27.45, while consolidating below it will press on the price to decline again and head towards 22.87 as a next correctional target.

 

The expected trading range for today is between 24.90 support and 26.10 resistance.

 

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.2111
0.0046
0.3788%
1.3662
0.0113
0.8340%
Tadawul
8878.30
-29.61
0.33%
25.804
0.898
3.608%
53.045
0.745
1.425%
56.08
-0.23
0.41%
1869.025
32.910
1.792%
 
 
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