Silver price within negative pattern - Analysis - 26-11-2021

2021-11-26 05:11:52 GMT (Economies.com)
 

Silver price’s recent trades are confined within minor rising wedge pattern that appears on the chart, thus, the price needs to break 23.55 to activate the negative effect of this pattern and rally towards our targets that start at 23.15 and extend to 22.25 after breaking the previous level.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 24.20 and holding above it.

 

The expected trading range for today is between 23.00 support and 24.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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