Silver price awaits more decline – Analysis - 08-02-2019

2019-02-08 05:07:18 GMT (Economies.com)
Silver price awaits more decline – Analysis - 08-02-2019
 

Silver price settles near 15.62 level, falling under negative pressure formed by the EMA50, waiting to break the mentioned level to confirm the continuation of the bearish trend that targets visiting 15.22 level as a next station.

 

Stochastic provides negative signal that supports the suggested decline, which its continuation conditions holding below 16.00.

 

The expected trading range for today is between 15.40 support and 15.80 resistance.

 

The expected trend for today: Bearish

 
 
  Symbol Last Change Chg.%
1.1336
0.0037
0.3292%
1.3034
0.0127
0.9809%
16.008
0.229
1.448%
57.110
1.337
2.396%
67.08
0.63
0.95%
1338.175
16.840
1.274%
 
 
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