Commodities

Silver price attempts to recover - Analysis - 05-07-2022

2022-07-05 03:47:05 GMT (Economies.com)

Silver price shows positive trades by today’s open to test 20.00 barrier, noticing that stochastic shows clear overbought signals, while the EMA50 forms negative pressure against the price.

 

Therefore, we believe that the chances valid to resume the main bearish trend, which its next target located at 19.00, reminding you that the continuation of the bearish wave requires holding below 20.70 and the most important below 21.10.

 

The expected trading range for today is between 19.50 support and 20.35 resistance.

 

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The expected trend for today: Bearish

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