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CMS Daily Market Report 26th August 2022

 

Silver is up more than 1% since the start of the week and is now in the 19.28 range, supported by buyers at the lows . According to the price position in the 4-hour chart, the range of 19.40 to 19.70 is the most important leading resistance range and considering the downward trend of the price in the last week, the possible reaction of the sellers in this range is important .

According to the analysis, WTI rose to the 95.73 range on Thursday, but ended the day down 2.37% and closed in the $93 range as sellers pushed the range.
Now, according to the technical position of the price in the 4-hour chart, any increase in the price towards the 93.70 range is a selling opportunity, and the way to reduce the price towards the 91.80 range is available.

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