Silver price breaks the support – Analysis - 28-02-2020
Economies.com
2020-02-28 05:49AM UTC
Silver price bounced downards strongly yesterday, starting today with additional decline to break 17.60 level and settles below it, which puts the price under expected negative pressure for the upcoming sessions, paving the way to head towards 16.96 as a next negative target.
Therefore, the bearish bias will be suggested for today, noting that breaching 17.60 – 17.70 levels will stop the current negative pressure and leads the price to resume the main bullish trend.
The expected trading range for today is between 17.20 support and 17.70 resistance.
The expected trend for today: Bearish
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