Silver price attempts positively – Analysis - 08-05-2019
Economies.com
2019-05-08 01:38AM UTC
Silver price shows new test to the bearish channel’s resistance, which urges caution from the upcoming trading, as breaching this resistance will push the price to test the most important resistance at 15.22 before any new attempt to resume the bearish trend.
In general, we will continue to suggest the overall bearish trend conditioned by the price stability below the mentioned resistance, noting that breaking 14.73 will ease the mission of heading towards our negative targets that begin at 14.50 and extend to 13.93.
The expected trading range for today is between 14.60 support and 15.00 resistance.
The expected trend for today: Bearish
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