1024 && window.pageYOffset>295){scrollFromTop=true;} else if(window.screen.width<=1024 && window.pageYOffset>0){scrollFromTop=true;} else {scrollFromTop=false;}” >
2320.390
17.917%
78.840
3.048%
1.0769
2.4727%
5139.54
0.18%
38741.05
0.01%
17925.36
0.35%
economy.com
2024-05-06 04:09AM UTC
silver price analysis
Expected scenario
Silver prices open today’s session on a clear uptick and will test the major resistance level at $26.90, but remain active with an intraday bearish trend scenario targeting an initial test of $26.00. For this to happen, prices need to remain below this level, thus encouraging caution in future trades.
The EMA50 corresponds to the mentioned resistance level to add further strength and protect the suggested negative scenario. Considering that $26.90 will be followed by the $27.30 level, the target is extended to $25.15 after breaking above the previous level. cause the price to rise.
Today’s trading range
Support: 26.40$
Resistance: $27.20
Trend prediction: bearish
Further analysis merchandise gold analysis platinum analysis Copper analysis silver analysis oil analysis Foreign exchange euro dollar analysis NZD USD analysis pound dollar analysis dollar yen analysis USD/CAD analysis US Dollar Swiss Franc Analysis Australian dollar dollar analysis euro yen analysis Pound yen analysis
Risk Disclaimer: Economies.com is a financial portal that provides news and analysis on various financial markets. The articles that we provide on our portal rely solely on the opinions and analysis of our economists and are intended to encourage website visitors and investors to trade or sell/buy certain financial instruments. It’s not a thing. It is the sole responsibility of the visitor/trader to evaluate his or her trading strategy and whether he or she is able to trade with the possibility of losing all invested capital. Visitors should seek an independent professional financial advisor to discuss their trading strategies. Additionally, the rates provided for various products are for reference only and cannot be used for trading purposes. Therefore, Economies.com and the company operating the portal cannot be held liable for any monetary losses that may occur to visitors as a result of the use of the website.
20? scroll = true : scroll = false” x-show=”scroll” @click=”window.scrollTo({top: 0, behavior: ‘smooth’})” type=”button” data-mdb-ripple=” true” data-mdb-ripple-color=”light” class=”fixed inline-block p-3bottom-20 md:bottom-5 ltr:right-5 rtl:left-5 text-xs font-medium leading-tight text -White Dark:Text Gray-800 Uppercase Transition Duration-150 Ease in Out BG-Gray-600 Dark:BG-White Rounded Full Shadow-MD Hover:BG-Gray-800 Dark:Hover:BG-Gray-200 Hover :shadow-lg focus:bg-gray-700 dark:focus:bg-gray-300 focus:shadow-lg focus:outline-none focus:ring-0 active:bg-gray-800 dark:active:bg-gray – 300 active:shadow-lg” id=”btn-back-to-top” x-transition.opacity>
