Silver price attacks the support – Analysis – 28-01-2021 –

Silver price attempted to break 25.00 level yesterday but it returns to fluctuate around it, and the price keeps its stability below 25.50, while the EMA50 forms continuous negative pressure against the price.

Therefore, we will continue to suggest the bearish trend for the upcoming period, which targets 24.30 as a next main station, noting that breaching 25.50 will stop the negative scenario to push the price to recover.

The expected trading range for today is between 24.40 support and 25.60 resistance.

The expected trend for today: Bearish

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