Commodities

Midday update for Silver 06-08-2020

2020-08-06 09:03:35 GMT (Economies.com)

Silver price provides additional positive trades to reach our waited target at 27.90, and we expect the continuation of the bullish trend within the bullish channel that appears on the chart to head towards our next target that extends to 29.30.

 

In general, we will continue to suggest the bullish trend on the intraday and short term basis, noting that holding above 26.20 is important to continue the suggested rise.

 

The expected trading range for today is between 27.00 support and 28.50 resistance.

 

The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.