Silver price under the negative pressure – Analysis - 01-10-2020
Economies.com
2020-10-01 03:58AM UTC
Silver price faced negative pressure yesterday, to break 23.60 level and settles below it, as the intraday bullish channel formed bearish flag pattern that we expect to motivate the price to resume the correctional bearish trend, which targets 22.13 level as a next negative station.
Therefore, the bearish bias will be suggested for today, noting that breaching 23.60 and holding above it again will push the price to achieve new gains that reach 25.06.
The expected trading range for today is between 22.60 support and 24.00 resistance.
The expected trend for today: Bearish
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