Midday update for Silver 23-01-2020

Economies.com
2020-01-23 10:07AM UTC

Silver price shows slight bearish bias to approach testing the key support 17.60, and as long as the price is above this level, our bullish overview will remain valid, which targets 18.38 level as a next main station, noting that breaking the mentioned support will press on the price to turn to decline and head towards 16.96 areas on the near term basis.

 

The expected trading range for today is between 17.60 support and 18.00 resistance.

 

The expected trend for today: Bullish

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