Silver price at the resistance – Analysis - 08-04-2019
Economies.com
2019-04-08 04:06AM UTC
Silver price continues to fluctuate near 15.22 and still below it, noticing that the EMA50 continues to form resistance barrier against the price, to keep the bearish trend suggested in the upcoming period, waiting to visit 14.73 level mainly.
The bearish channel that appears on the chart supports the expected decline, reminding you that breaching 15.22 will lead the price to recover and achieves positive targets that begin at 15.62.
The expected trading range for today is between 14.90 support and 15.25 resistance.
The expected trend for today: Bearish
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