Midday update for Silver 05-08-2020
Economies.com
2020-08-05 09:07AM UTC
Silver price breached 26.20 level strongly and attempts to hold above it, which supports the continuation of our bullish overview efficiently for the rest of the day, which targets 27.90 as a next main station, organized inside the bullish channel that we expect to carry the price to achieve more gains on the short term and medium term basis, while holding above 26.20 represents key condition to continue the suggested bulslih wave.
The expected trading range for today is between 25.00 support and 27.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Commodities
Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Commodities
Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...