Midday update for Silver 01-05-2020
Economies.com
2020-05-01 10:11AM UTC
Silver price keeps its stability below 15.08, to keep the negative pressure valid for today, affected by the previously completed rising wedge pattern, waiting for more decline to target 14.17 level as a next negative station.
The EMA50 supports the suggested decline, which will remain valid unless breaching 15.08 level and holding with a daily close above it.
The expected trading range for today is between 14.60 support and 15.10 resistance.
The expected trend for today: Bearish
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