Silver price tests the support base - Analysis - 16-08-2022

2022-08-16 03:27:03 GMT (Economies.com)
 

Silver price provided clear negative trades in the previous sessions to test the key support 20.00, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to assist to push the price to rise again and head towards our positive targets that start at 21.20.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 21.20.

 

The expected trading range for today is between 19.90 support and 20.80 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0504
-0.0086
0.8122%
1.2182
-0.0123
0.9993%
22.423
-0.734
3.172%
76.294
-5.181
6.359%
81.87
-0.62
0.75%
1775.665
-19.895
1.108%
 
 
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