Silver price approaches the target – Analysis - 28-02-2019
Economies.com
2019-02-28 05:06AM UTC
Silver price trades negatively since yesterday to approach our main waited targe at 15.62, noticing that stochastic provides negative signals that support the chances of breaking the mentioned level and extend the bearish wave to target 15.22 on the near term basis.
Therefore, we expect the continuation of the bearish bias in the upcoming period, noting that breaching 16.00 will stop the current negative pressure and lead the price to rise again.
The expected trading range for today is between 15.50 support and 15.85 resistance.
The expected trend for today: Bearish
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