Midday update for Silver 26-10-2020

Economies.com
2020-10-26 09:17AM UTC

Silver price trades negatively to move away from the broken support of the intraday bullish channel, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to head towards 23.60 that represents our next main target, reminding you that breaking this level will push the price to 22.13 as a next negative station, while the expected decline will remain valid unless breaching 25.06 and holding above it.

 

The expected trading range for today is between 23.70 support and 24.80 resistance.

 

The expected trend for today: Bearish

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