Silver price forecast update 01-05-2024
Economies.com
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios
Silver price settles below the broken neckline of the double top pattern that its signs appear on the chart, to keep the negative effect of this pattern active, waiting to resume the negative trades to achieve our targets that start at 26.00$ and extend to 25.15$.
- Bearish trend scenario
The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 26.90$ and holding above it.
- Bearish trend continuation
The expected trading range for today is between 25.90$ support and 26.70$ resistance.
Trend forecast: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...