Silver price within positive pattern - Analysis - 05-08-2022

2022-08-05 04:12:46 GMT (Economies.com)
 

Silver price’s recent trades are confined within bullish flag pattern that appears on the chart, thus, breaching 20.35 will activate the positive effect of this pattern and push the price to continue the rise on the intraday and short term basis, paving the way to achieve additional gains that start by visiting 21.00 barrier.

 

Therefore, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 19.60 to achieve the waited targets.

 

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.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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