Silver price breaks the support - Analysis - 26-02-2021
Economies.com
2021-02-26 04:56AM UTC
Silver price faced negative pressure yesterday to break 27.50 level and close the daily candlestick below it, which puts the price under expected additional negative pressure in the upcoming sessions, to head towards visiting 26.50 followed by 25.50 areas as main negative stations.
Therefore, the bearish bias will be expected for today supported by moving below the EMA50, noting that breaching 27.55 will stop the suggested decline and lead the price to recover again.
The expected trading range for today is between 26.50 support and 27.80 resistance.
The expected trend for today: Bearish
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