Silver price within sideways track - Analysis - 29-09-2021
Economies.com
2021-09-29 04:02AM UTC
Silver price fluctuates within sideways track that its signs appear on the chart, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to suggest the bearish trend for the upcoming period, which its targets begin by breaking 22.30 to confirm rallying towards 21.65 followed by 20.75 levels, while holding below 22.90 represents key condition to achieve these targets.
The expected trading range for today is between 22.00 support and 22.75 resistance.
The expected trend for today: Bearish
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