Silver price around the moving average – Analysis - 06-02-2019
Economies.com
2019-02-06 04:50AM UTC
Silver price fluctuates at the EMA50 that forms intraday support now at 15.80, and the bearish trend still suggested for the upcoming period depending on the price stability below 16.00, as our next target is located at 15.62.
We remind you that breaking the targeted level will push the price towards 15.22 as a next station, while breaching 16.00 will stop the expected decline and lead the price to head towards 16.50 as a next positive station.
The expected trading range for today is between 15.60 support and 16.00 resistance.
The expected trend for today: Bearish
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