News summary [Shanhe Pharmaceutical Aid: The company's resea...
2024-05-20 0
[Spot silver prices break through key resistance level 27trikroulette.45, bullish trend continues]
On May 7, according to the latest views of Economies analysts, spot silver prices had exceededtrikrouletteThe previous bullish channel support line, which is at 27.45, is now the key resistance level. This breakthrough heralds a continuation of the bullish trend and confirms the formation of a return channel.
Analysts advise investors to continue to focus on intraday bullish trends, especially when prices remain above 27.45. The next major target bit is seen as 28.00. However, if prices fall below 26.90, the expected upward trend will be blocked and prices may come under corrective bearish pressure.
Investors also need to pay attention to the expected trading range, with support at 27.00 and resistance at 27.75. Volatility in silver prices may be affected by a variety of factors, including changes in macroeconomic fundamentals and market sentiment.
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