Silver price begins with strong negativity - Analysis - 19-02-2021

Economies.com
2021-02-19 05:02AM UTC

Silver price opened today with strong decline to approach our first waited target at 26.00, which supports the expectations of continuing the bearish trend, which its next target located at 25.50.

 

Stochastic current positivity might cause some temporary sideways fluctuation before resuming the expected decline, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish wave requires holding below 27.50.

 

The expected trading range for today is between 26.00 support and 27.30 resistance.

 

The expected trend for today: Bearish

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