Silver price attempts to recover – Analysis - 14-05-2019
Economies.com
2019-05-14 00:42AM UTC
Silver price returned to trade above 14.73 after attempting to break it yesterday, noticing that the EMA50 continues to press negatively on the price, which still stable inside the bearish channel that appears on the chart, which supports the chances of resuming the expected bearish trend on the intraday and short term basis, targeting 14.50 as a next station.
Therefore, we continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 14.85.
The expected trading range for today is between 14.50 support and 14.85 resistance.
The expected trend for today: Bearish
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