Silver price begins negatively – Analysis - 30-03-2020

Silver price opens today’s trading with clear negativity to break 14.17 and settles below it, which hints the price head to resume the main bearish track, on its way to visit 13.05 level as a next station.

Therefore, the bearish bias will be suggested for today, supported by the negative signal provided by stochastic, taking into consideration that trading above 14.17 again will reactivate the correctional bullish scenario that targets 15.08 level on the near term basis.

The expected trading range for today is between 13.50 support and 14.20 resistance.

The expected trend for today: Bearish