Silver price tests the resistance - Analysis - 22-09-2021

2021-09-22 04:23:52 GMT (Economies.com)
 

Silver price provided additional positive trades yesterday to test the key resistance 22.90, which represents the bearish channel’s resistance, noticing that the EMA50 meets this resistance to add more strength to it, waiting to resume the main bearish wave that its next targets located at 21.65 followed by 20.75.

 

On the other hand, we should note that breaching 22.90 will stop the suggested negative scenario and lead the price to turn to rise.

 

The expected trading range for today is between 22.20 support and 23.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1623
0.0012
0.1029%
1.3758
0.0019
0.1416%
Tadawul
11886.38
40.45
0.34%
24.401
1.088
4.667%
84.568
1.222
1.466%
86.00
0.42
0.49%
1799.510
29.770
1.682%
 
 
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