Silver price breaches the resistance – Analysis - 28-01-2019

Economies.com
2019-01-28 05:08AM UTC

Silver price rallied upwards strongly to breach 15.62 level and settles above it, which stops the recently suggested negative scenario and lead the price to achieve more expected gains in the upcoming period, targeting visiting 16.00 level as a next main station.

 

Therefore, the bullish bias will be expected for today, supported by the EMA50, noting that breaking 15.62 will stop the expected rise and press on the price to decline again.

 

Expected trading range for today is between 15.62 support and 16.00 resistance.

 

Expected trend for today: Bullish

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