Silver price crawls downwards – Analysis – 20-08-2021 –

Gold & Silver

Silver price shows calm negative trades in attempt to crawl towards our waited target at 22.90, falling under continuous negative pressure coming by the EMA50, waiting for more decline that targets surpassing the mentioned level followed by heading towards 22.00 as a next target.

Therefore, the bearish trend will remain suggested for the upcoming period unless the price rallied to breach 23.75 and hold above it.

The expected trading range for today is between 22.70 support and 23.60 resistance.

The expected trend for today: Bearish

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