Silver price resumes the rise - Analysis - 11-08-2022
Economies.com
2022-08-11 04:02AM UTC
Silver price returned to rise after the consolidation above 20.50 level, noticing that the price begins today with new decline to test the mentioned level, affected by stochastic negativity, waiting to resume the positive trades supported by the EMA50 to visit 21.00 as a next positive target.
Until now, the correctional bullish trend scenario still valid as long as 20.00 and the most important 19.60 remain intact, as breaking the last level will stop the expected rise and press on the price to return to the main bearish trend again.
The expected trading range for today is between 20.25 support and 21.00 resistance.
The expected trend for today: Bullish
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