Commodities

Silver price hits the target - Analysis - 04-07-2022

2022-07-04 03:56:40 GMT (Economies.com)

Silver price managed to achieve our main waited target at 19.55, and fluctuates within tight track now around 19.85, to notice that stochastic loses its positive momentum and approaches the overbought areas, waiting to motivate the price to resume the main bearish wave, which its next target reaches 19.00.

 

The bearish wave continues to organize the suggested bearish wave, which will remain valid conditioned by the price stability below 20.70 and the most important below 21.10.

 

The expected trading range for today is between 19.30 support and 20.20 resistance.

 

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The expected trend for today: Bearish

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