Silver price within sideways track - Analysis - 07-12-2021

Economies.com
2021-12-07 05:38AM UTC

Silver price moves within sideways track appears on the chart, which forms negative formation that supports the continuation of the main negative scenario, and the price needs to break 22.15 to ease the mission of rallying towards our main waited target at 21.40.

 

Therefore, our bearish overview will remain valid and active, noting that breaching 22.60 will push the price to test 23.15 areas before any new attempt to decline.

 

The expected trading range for today is between 21.80 support and 22.60 resistance.

 

The expected trend for today: Bearish

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