Silver price awaits the break – Analysis - 13-05-2019

Silver price continues to fluctuate at 14.73 level, as it moves inside the bearish channel that appears on the chart, falling under continuous negative pressure coming by the EMA50, to support the chances of breaking the mentioned level and reinforce the expectations of cnotnuing the bearish trend.

Therefore, we suggest the continuation of the bearish trend domination in the upcoming period, which targets 14.50 followed by 13.93 levels mainly, while breaching 14.85 represents positive factor that will push the price to test 15.22 level before any new attempt to decline.

The expected trading range for today is between 14.50 support and 14.85 resistance.

The expected trend for today: Bearish