Silver price achieves some gains – Analysis - 11-03-2019

Silver price traded with clear negativity in the previous sessions to breach 15.22 level, but we notice that the EMA50 presses negatively on the price, while stochastic shows clear negative signals now, which supports the chances of turning back to decline again, and the price needs to trade below the mentioned level to confirm the continuation of the bearish trend.

Therefore, we are waiting for negative trades in the upcoming sessions unless the price failed to break 15.22 level and hold below it, reminding you that our main waited target is located at 14.73.

The expected trading range for today is between 15.00 support and 15.45 resistance.

The expected trend for today: Bearish