Silver price tests the resistance – Analysis - 20-01-2021

2021-01-20 04:50:16 GMT (Economies.com)
 

Silver price continues to fluctuate at 25.50 level and keeps its stability below it, as the EMA50 meets this resistance to add more strength to it, which supports the chances of bouncing bearishly to resume the correctional bearish trend, which its next target located at 22.87.

 

Therefore, our bearish overview will remain valid and active unless breaching 25.50 level and holding with a daily close above it.

 

The expected trading range for today is between 24.70 support and 25.80 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
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