Midday update for Silver 08-10-2019
Economies.com
2019-10-08 09:17AM UTC
Silver price rises again to test the critical resistance at 17.60, the EMA50 meets this leve; to strengthen it, keeping the bearish trend scenario active for today, waiting for bouncing lower to visit 16.96 level mainly, being aware that breaching 17.60 will lead the price to achieve extra positive targets that reach to 18.40 on the near basis.
The expected trading range for today is between 17.10 support and 17.60 resistance.
The expected trend for today: Bearish
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