Silver price achieves the target – Analysis - 24-04-2019

Silver price succeeded to achieve our main waited target at 14.73 and settles near it, and the price continues to move inside the bearish channel that appears on the chart, as it falls under continuous negative pressure that comes by the EMA50, which supports the chances of surpassing the mentioned level and extend the bearish wave to reach 14.50 as a next main station.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 15.00 followed by 15.22 levels and hold above them.

The expected trading range for today is between 14.50 support and 14.90 resistance.

The expected trend for today: Bearish