Silver still negative – Analysis - 01-05-2017
Economies.com
2017-05-01 04:15AM UTC
Silver price shows calm negative trading in attempt to head towards our waited target at 16.56, and it gets continuous support by the EMA50, which supports the chances of continuing the decline in the upcoming sessions.
Therefore, the bearish bias will remain suggested for today, noting that breaching 17.43 followed by 17.60 levels will stop the current negative pressure and lead the price to regain its main bullish track again.
Expected trading range for today is between 16.90 support and 17.30 resistance.
Expected trend for today: Bearish
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