Silver price approaches the second target – Analysis - 21-06-2019

Economies.com
2019-06-21 04:26AM UTC

Silver price continues to rise to gradually approach our second waited target at 15.62, noticing that stochastic shows overbought signals now, which might press on the price to provide some temporary negative trades before resuming the expected rise.

 

In general, the bullish trend scenario will remain valid conditioned by the price stability above 15.23, noting that surpassing the mentioned target will push the price towards 16.00 as a next main station.

 

The expected trading range for today is between 15.35 support and 15.65 resistance.

 

The expected trend for today: Bullish

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