Silver price attempts positively – Analysis - 14-11-2019

Silver price begins today’s trading with a bullish bias to move above 16.96 level, but we depend on the daily candlestick close below this level, to keep preferring the bearish trend in the upcoming period, supported by the negative pressure that comes from the EMA50, waiting for bouncing lower to head to 16.33 mainly.

On the other hand, you should be aware that holding above 16.96 will stop the expected decline and pushes the price to achieve extra gains that reach to 17.60 before any new attempt to decline.

The expected trading range for today is between 16.70 support and 17.20 resistance.

The expected trend for today: Bearish