Silver price attempts to recover – Analysis - 10-07-2019

Silver price provided positive trading yesterday to approach the EMA50, which continues to form negative pressure against the price, accompanied by witnessing clear negative signals through stochastic, which keeps the chances valid to continue the expected bearish trend on the intraday and short term basis, which targets 14.73 level as a next station.

Holding below 15.23 is important to continue the suggested decline, as breaching it will push the price to regain the short term bullish trend, to achieve targets that start at 15.62.

The expected trading range for today is between 14.80 support and 15.20 resistance.

The expected trend for today: Bearish