SILVER 4H : support further rise
SILVER
New forecast
The silver price is showing weak trading now, and is waiting for a positive stimulus that will help push the price to resume positive trading and reach the expected area at 22.23 and 22.50.
Until now, we continue to favor the bullish trend in the intraday term but to confirm the billish trend should stable above 21.97 and then will reach to 22.23 remembering that breaching the 22.23 level will push the price to 22.50 as the next main station. keeping in mind that breaking the levels of 21.35 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between resistance line 21.97 and support line 21.35 until stabilized
support line : 21.60 , 21.35
resistance line : 21.97 , 22.23
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The silver price is showing weak trading now, and is waiting for a positive stimulus that will help push the price to resume positive trading and reach the expected area at 22.23 and 22.50.
Until now, we continue to favor the bullish trend in the intraday term but to confirm the billish trend should stable above 21.97 and then will reach to 22.23 remembering that breaching the 22.23 level will push the price to 22.50 as the next main station. keeping in mind that breaking the levels of 21.35 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between resistance line 21.97 and support line 21.35 until stabilized
support line : 21.60 , 21.35
resistance line : 21.97 , 22.23
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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