Silver price achieves some gains – Analysis - 06-05-2019
Economies.com
2019-05-06 02:28AM UTC
Silver price traded with clear positivity in the previous sessions to test the intraday bearish channel’s resistance that appears on the chart, accompanied by witnessing clear overbought signals through stochastic, which forms negative motive that we expect to assist to push the price to decline again, and the price needs to break 14.73 level again to ease themission of heading towards our first negative target at 14.50.
Therefore, the bearish trend will remain valid for today conditioned by the price stability below 14.95 and the most important below 15.22.
The expected trading range for today is between 14.60 support and 15.00 resistance.
The expected trend for today: Bearish
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